Technical View | Nifty forms Hammer pattern, pullback trade likely - Moneycontrol

The volatility index climbed above 24 levels, giving comfort to bears. Hence, it has to fall below the 20 mark to have a stable market. India VIX was up by 2.24 percent to close at 22.80 levels.

The Nifty50 on May 11 failed to hold on to the early rebound and traded lower for a major part of the session amid volatility, continuing the downtrend for the fourth consecutive session. Auto, techn… [+4268 chars]

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