A morning walk down Dalal Street | Close above 11,300 could negate negative sentiment, bulls may make a comeback
Episode 1197, May 16, 2019, 01:30 AM
Bears made a comeback in the last one hour of the trading session and pushed the index towards 100-day moving average placed at 11,134 by making a large bearish candle on the charts.
The index resumes its fall after making a bullish candle in the previous trading session. The index witnessed a selling pressure near its 5-day exponential moving average (EMA) and 100-day EMA.
India VIX moved up by 5.63 percent at 28.65. However, higher VIX suggests that volatile swings could continue in the market ahead of Election polls and outcome.