In the last two trading days after trading down towards 9100 levels, today morning, Nifty 50 has rebounded to trade above 9300 levels. We need to see today's close and review, if the NIFTY 50 moves back into a trading range, with lower boundary around 9100 levels.
INDIA VIX which had jumped earlier, has started declining in line with S&P VIX and we need to watch out for a downward break, if this trend continues. In the short term, INDIA VIX may be lagging or leading indicator for NIFTY 50.
Disclaimer: This is not a trading recommendation. I am not a SEBI registered Advisor. Investments are subject to market risks and you may consult your personal investment advisor prior to making investments.
INDIA VIX which had jumped earlier, has started declining in line with S&P VIX and we need to watch out for a downward break, if this trend continues. In the short term, INDIA VIX may be lagging or leading indicator for NIFTY 50.
Disclaimer: This is not a trading recommendation. I am not a SEBI registered Advisor. Investments are subject to market risks and you may consult your personal investment advisor prior to making investments.
