1. Sensex in coming week can move to the levels of 9,700 or 10,000 in a bullish rally and if it fails to make any head way beyond 9700 than Sensex can fall to the level of 9,120 or 8,467. As a long term investor one can hold the investments till the time level of 9119 is not breached on lower side.
2. Nifty is trading in a band namely 2800-3100 range and thus the clear picture will only emerge once the index starts trading above or below the stated levels. Nonetheless as a F&) trader one can undertake the straddle strategy for Nifty range of 2800-3100 as break out in ither direction will see index moving in one direction with speed. Nifty is likely to tade in following range 2252-2502-2570-2750-2870-2936-3015. Each indicated figure will act as a supprot or resistance for the next move.
3. Global markets may see nervousness again as CBOE volatility index has again moved up to 44 implying an increase in nervousness among investors.
Sensex | Nifty | CBOE volatility index indicating market direction | 11 Jan - 15 Jan
