INDIAVIX has reached its almost year-long support on the Daily chart. Do we see further cooling off in VIX, translating to further rise in Nifty? Or do we see a mean reversion in VIX leading to fall in Nifty from its life-highs? We will be watching out for sure.
Note: We published on 7 Mar when VIX reached the top of this resistance zone and it has successfully cooled off since then (link attached).
Note: We published on 7 Mar when VIX reached the top of this resistance zone and it has successfully cooled off since then (link attached).
Comment:
Looks like INDIAVIX is breaking down below the 18 support. The next major support lies in 11.5 range. Fall to that extent would mean significant upside in Nifty. Let's see.
