Hi
Have drawn lines for the range of Nifty as per Vix
Monthly Range
18169 (Probable High) - 16793 (Monthly Close) - 15418 (Probable Low) - this remains constant for the entire month...untill its broken..then next range will be posted.
Previous Weekly Range
17275 (Probable High) - 16658 (Weekly Close) - 16041 (Probable Low)
Last week High Made - 16815
Last week Low Made - 16133
Current Week
16874 (Probable High) - 16245 (weekly Close) - 15616 (Probable Low)
Probablities :
Expecting market to touch last weeks....probable low (16041) this week...and then rise to 16245 and above that 16658 and above that it might stop near...16793 - monthly close.
If emotions are running high, then high probablity it may touch 16874 also.
Lets see how this unfolds in coming days