Nifty 50 / India Vix crossed below trend lineNifty 50 / India Vix crossed below trend line, should we worry ?
Last time it happened on 28th Feb 2020
INDIAVIX
VIX CRUNCH31ST JAN WAS THE DAY WHEN 1ST CORONA CASE WAS REPORTED IN KERELA AND VIX WAS AROUND 17.4 FROM THERE WE SEE THE RISE UPTO 84 AND REVERSE IT IS ABOUT O ENTER IN PRE CORONA LEVELS
TO THOSE WHO TRADED IN LAST 4-5 MONTHS BE CAUTIOUS THAT VOLATILITY WILL OBSERVE CRUNCH NO MORE DAILY 1-2 % SWING BOTH SIDE ON NITFY AND BANK NIFTY PLUS MANY STOCKS WILL END UP IN RANGE BOUND ZONE SO BE ADAPTIVE WITH YOUR TRADING STYLE AS MARKET CHANGES WE ALSO HAVE TO CHANGE
HAPPY TRADING
INDIA VIXKumbhakaran has been on snooze mode for the last 4 months. Its back to a monthly/weekly support. Only a break and sustains below 16 will slumber mode continue. Alarm bells will start ringing at 21, above 24 will be fully awake!
Indiavix Going Down#Indiavix closing is 28.74. Indiavix creates the triangle pattern in the 1-hour format and breaks the #downside and now in the downside #target is 23-22-19. In the #Upperside resistance is 29.90 if the #cross and stay above then come to 32-35-38.
also, #awesome oscilattor is show the weakness in the trend.
IndianVix Going DownIndiavix closing is 29.97 and create the #Trippletop in the 1-hour timeframe and also break the triangle in the 1-hour timeframe so now in the downside target is 26-23 and upperside resistance is 31-32....
INDIA VIXThe hourly time frame has given a breakout. The daily is suggesting above 35 it might test 40 before any attempt to cooling takes place. Volatility triggers - SC will be hearing matters on Interest Moratorium and AGR on 17th-18th.
INDIA VIXINDIA VIX - An follow-on update
In the last two trading days after trading down towards 9100 levels and today morning, Nifty 50 rebounded to trade above but closed below 9350 levels , a failure of NIFTY 50 climbing back to middle of narrower range (9200-9600 levels), from a broader trading range (with lower boundary around 9100 levels and upper boundary around 9800) .
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 VIXAs expected it has declined to 50 from its highs. It has very strong support between 47-50. Sustaining below these levels could take it all the way back to 30-20, which in turn would be good for equities as a falling vix gets stability which leads to a calm recovery in terms of both PRICE & TIME, so what is being perceived a quick bear rally could turn out to be a much more stable bounce back attempt. On the other hand, a reversal from here sees resistance near 65 and then a major one at 75. Anything above that would lead to mayhem once again.
Revised INDIAVIX projectionIn the Support Zone - As long as it doesn't break below 43-50 zone, there's a fair chance of one more spike to 90+ levels.
India VixIf it gives an hourly close below 70 then there would a v strong likelihood of further cooling till 50 where it has an alignment of support from Monthly down to Hourly. This in turn would get some steadiness to markets. Less of these wild intraday swings and lower probabilities of large daily candles. Near 50 it could then resume its upward journey. Whether this is going to be the CALM before the (next) storm or VIX is done with its carnage would be reviewed near about 50.
