← Latest news 
Nifty’s fragile technical setup cracks as VIX jumps and sellers keep control into next week
Economy
Published on 16 May 2026
India VIX spikes as Nifty slips below key averages
Dalal Street starts the week on shaky technical footing as Nifty ended sharply lower amid sustained selling and a steep rise in volatility. The index remains trapped below key moving averages, with 24,300–24,500 acting as a major ceiling and 23,200–23,000 the critical support. India VIX jumped to 18.79, while weakening RSI and a bearish weekly candle reinforce a cautious, defensive approach. Traders are advised to avoid aggressive buys until momentum improves.
- Nifty fell 532.65 points or 2.20% for the week.
- Trading range widened to about 734 points between 23,997.45 and 23,262.55.
- India VIX rose 11.58% to 18.79, signaling rising risk perception.
- Key resistance sits around 24,300–24,500 and immediate hurdles near 23,850–24,000.
- Support to watch is 23,200–23,000, with near-term levels at 23,350 and 23,150.
- Weekly RSI at 41.46 and MACD below signal line point to weak momentum.
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times