The Breakout - Day 5
All izz well.......?
The Nifty futures traded sideways last Friday, indicating consolidation. Meanwhile, the US markets rallied further on the last Friday. The Nasdaq Composite index touched the previous Jan. 2010 high and the Dow Jones and the S&P 500 indices are trading around 100 and 10 points respectively off their Jan. 2010 highs. The VIX ( Volatility Index ) is almost at the post bear market lows. In London, the FTSE closed at a new high. However, the Asian markets except India are lagging the western markets at this phase. The India VIX also collapsed during the past week. We may see some more upside during the coming week.
S&P CNX Nifty Index - Daily Chart
