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Tuesday, October 11, 2011

India VIX

Nifty has seen an incredible rally. I was BEARISH last week as I thought that wedge would play out . But the bearishness Vanished after Nifty crossed 4930. But we have to keep an eye on the VIX . It looks like it is steadily risingas if about to break out Higher.

Updated from yesterdays chart . It stays above the TREND line.

Resting on that TREND line . With oversold conditions , we could shoot higher tomorrow.

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