23/10/08

Gold has came down to 720$,
crude oil down to 68$.,
Dollar at all time high of 49.80 .,
Dow Future trading +ve with +100 points.,
Europe traders CAC DAX FTSE trade lower to around 1 to 2% each.,

Today's VIX is at 55 range, which is at flat compared to yesterdays but intra high of 66.,
Open interest Percentage of 3000 put(3%) & 3000 call (102%) is at huge variation.,
PCR % is at 0.75.,
MACD indicates the oversold range but means to wait for invest.
RSI which indicates to have long in Nifty.
The Nifty Future Premium is at 18 points,

From the Todays Volatility, market has indicated there will be huge volatility seen in coming days. market will be volatile tomorrow with support at 2920 & resistance at 3030.