Bolllingerbands for Monday, 2nd July, 2012 : ??Consolidation
A narrow range day (ATR=38.3) after Friday's breakout. The uptrend seems intact with the Nifty hitting upper BB again. The price has spent the whole session above 7EMA. Both the moving averages are green and uptrending and the gap between them is 88 points. The bands have narrowed somewhat (Range : 5281-4932, Width : 349).
1) India vix is down to 19.01
2) Rupee has closed about 7 paisa stronger against the dollar.
3) Europe is trading well in green and DOW futures are green too.
India vix = 19.01, NF ATP : 5300.00, LTP = 5293.00
A narrow range day (ATR=38.3) after Friday's breakout. The uptrend seems intact with the Nifty hitting upper BB again. The price has spent the whole session above 7EMA. Both the moving averages are green and uptrending and the gap between them is 88 points. The bands have narrowed somewhat (Range : 5281-4932, Width : 349).
1) India vix is down to 19.01
2) Rupee has closed about 7 paisa stronger against the dollar.
3) Europe is trading well in green and DOW futures are green too.
![](http://i.imgur.com/UNx3c.jpg)
India vix = 19.01, NF ATP : 5300.00, LTP = 5293.00