INDIA VIX: It is measure the future volatility and used for hedging. Low volatility means Stock or Index will up but slowly & High volatility means Stock or Index will sharp down.
Due slowly increase VIX but Nifty, Sensex, Bank nifty near to Double Top, so there is the possibility market will react (Mar 2017-Jun 2017), Mostly Bank nifty highly overbought (Bank restructure due to Bad loans, May some Political issues).
Due slowly increase VIX but Nifty, Sensex, Bank nifty near to Double Top, so there is the possibility market will react (Mar 2017-Jun 2017), Mostly Bank nifty highly overbought (Bank restructure due to Bad loans, May some Political issues).
Trade active:
Buy INDIA VIX 13.20-14.10 Tgt 17-21 SL 12.60
Comment:
Alert: Sharp correction will start