Namaste!
India VIX is a volatility index based on the NIFTY Index Option prices. From the best bid-ask prices of NIFTY Options contracts, a volatility figure (%) is calculated which indicates the expected market volatility over the next 30 calendar days.
In simple words, it tells us the % market is expecting Nifty to move (whether up or down) in the upcoming 30...
Nifty Analysis
Recap from yesterday: “Keeping the global macros in mind, I still wish to continue my bearish stance and expect the 19446 to be taken out on Monday and retest the 19310 soon.”
If you watched the opening minutes, you would not have guessed the 283+ intraday fall possibilities. We had a flat open instead of a gap-down even after a weak handout from...
Nifty Analysis
Recap from yesterday: ”Since we are between 19446 and 19776, Nifty is still range bound — but BankNifty has fallen below the support and is looking weak. For tomorrow I wish to change my stance to bearish with the first target of 19511 and 2nd target of 19446. If we are climbing up, would not prefer to go long until 19776 is not taken out.”
Nifty...
Nifty Analysis
Recap from yesterday: “On the 1hr chart, I wish to maintain the neutral stance until we break out or break down. Since we are near the resistance level, the probability of breaking out could be higher. That does not mean we jump the gun and take the trade early — patience is gold”
Nifty got a mega boost by the gap-up open of almost 118pts ~ 0.6%....
The first 5mts candle today had a swing range of 0.34% ~ 66pts but this did not drive up the OTM premiums. The majority of traders have forgotten what fear was like. India VIX was up 2 to 3% then and still in the 11.5 range. The complacency has gotten into the traders so deep that they think some dip buyers will come in and rally the markets by closing hour.
Today...
Banknifty was fighting hard to stay in green, Nifty50 on the other hand was vulnerable to fall. Another day went by wherein Nifty was proving to be more volatile than banknifty.
Percentage wise both banknifty and nifty fell around 0.5% between 12.30 to 14.30 but the perceived fall for nifty50 was higher as the prevailing price action gave it more momentum....
