{"id":1391,"date":"2012-01-25T07:06:08","date_gmt":"2012-01-25T01:36:08","guid":{"rendered":"http:\/\/www.cashthechaos.com\/blog\/?p=1391"},"modified":"2014-01-14T21:59:15","modified_gmt":"2014-01-14T21:59:15","slug":"technicals-25th-jan-2012","status":"publish","type":"post","link":"https:\/\/www.cashthechaos.com\/blog\/2012\/01\/25\/technicals-25th-jan-2012\/","title":{"rendered":"Technicals 25th Jan 2012"},"content":{"rendered":"<p>Nifty(5127): The negative price action of Monday did not get the follow through and markets continued to rally higher.<\/p>\n<div id=\"attachment_1392\" style=\"width: 410px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/Nifty25Jan2012.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1392\" class=\"size-medium wp-image-1392 \" title=\"Nifty25Jan2012\" src=\"https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/Nifty25Jan2012-300x120.jpg\" alt=\"\" width=\"400\" height=\"225\" \/><\/a><p id=\"caption-attachment-1392\" class=\"wp-caption-text\">Vix and Nifty<\/p><\/div>\n<p>As can be seen from the chart of India VIX above, the bullish sentiment is swinging towards the highest level since October 2011 and if we include the spike, it has already hit highest level since the Nifty peak of July 2011. So if and when you go long stay in the cash market, <strong>do not leverage<\/strong>.<\/p>\n<p>This need not mean that participants will realise their excess and start paring down the longs right from today. From Nifty's price action market seems to be taking aim at the 200 DMA and the trendline from the Nov 2010 top.<\/p>\n<p>So the next zone <strong>resistance<\/strong> for Nifty is at <strong>5225-5275<\/strong>. \u00a0Support <strong>4995 and 4940. <\/strong>The first sign of weakness would be when Nifty drops below 4940.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nifty(5127): The negative price action of Monday did not get the follow through and markets continued to rally higher. As can be seen from the chart of India VIX above, the bullish sentiment is swinging towards the highest level since October 2011 and if we include the spike, it has already hit highest level since <a href='https:\/\/www.cashthechaos.com\/blog\/2012\/01\/25\/technicals-25th-jan-2012\/' class='excerpt-more'>[&#8230;]<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42,76],"tags":[],"class_list":["post-1391","post","type-post","status-publish","format-standard","hentry","category-indian-stocks","category-premium-content","category-42-id","category-76-id","post-seq-1","post-parity-odd","meta-position-corners","fix"],"_links":{"self":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/1391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/comments?post=1391"}],"version-history":[{"count":4,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/1391\/revisions"}],"predecessor-version":[{"id":1721,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/1391\/revisions\/1721"}],"wp:attachment":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/media?parent=1391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/categories?post=1391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/tags?post=1391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}