Indian VIX Chart

NIFTY Weekly Chart

Nifty is currently in BULL trend . It is good sign for NIFTY  that weekly VIX has taken resistance at 22.16 level. We should keep watch on Indian VIX that it should not break 23 level. On Daily Basis Nifty will remain sideways if VIX keeps itself within 23.32 and 18.75. Breaking of either way will define the movement of the NIFTY.

On Daily Basis, NIFTY is stuck in a range 5332 to 5161. As per weekly Ichimoku Cloud Charts, Nifty will keep its bullish sentiment above 4925.

Important : Keep watch on India earnings and news on Europe stock market till the month May 2010. 

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Best of luck