Strong resistance for Nifty at 22,800; Vix rise a worry

Technical indicators and options data suggest support base for the Nifty has shifted lower, making it challenging to surpass the 22,800 mark this week. The significant rise in India VIX indicates caution despite the ongoing up-trend. Technical analysts recommend considering stocks such as Biocon, BPCL, Coal India, Godrej Consumer, Sun TV, Infosys, TCS, HCLTech, Naukri, HUL, Dabur, and Marico for trade this week.

JATIN GEDIA
TECHNICAL ANALYST, SHAREKHAN

Where is Nifty headed this week?