On Tuesday, the Nifty ended on a subtle note after trading largely volatile for the day. After opening higher, the markets traded flat for most part of the day and finally managed to close above its five day exponential moving average (EMA) (10,691) at 10,717.80, up 0.02 percent.
The relative strength index (RSI) on the daily chart is placed at 63.71, which is showing signs of an upward momentum. The moving average convergence divergence (MACD) is also trading above the zero line with a positive crossover, indicating that the bias could remain bullish for the next few trading sessions.
India VIX closed up 2.14 percent at 14.05. An advance in VIX suggests mild (intraday) volatility will remain in upcoming trading sessions.
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