For any reversal/rally to sustain, VIX needs to cool down. For now sustaining below 39 would be the 1st confirmation for a pullback to 30 then 25. With Q4 Advance Tax noes coming in from Monday, we would be seeing stock specific reactions going forward unlike the systematic fall we have been witnessing since FEB. So a word of caution, not every Inky Pinky Ponky...
crude oil prices are heavily falling in past 3 - 4 weeks.
we can see good quarterly results in oil-based industries.
it will also affect petrochemicals prices.
so take a watch on companies which are in this sector, or having petrochemicals as a raw material.