FOLLOW I WILL UPDATE AFTER IT REACHES PEAK TRADE AT YOUR OWN RISK
Expecting 21-23 zone to hold for a while at least but the move is quite fierce. Next being 27-30. Chances are high that VIX can reach till here. 36 is a complete outlier case right now.
India VIX took support on weekly chart. Danger Sign. We have resistance near 20-22.
Volatility is back in the markets after a while and does not look like it will cool off anytime soon. Another series of spikes is expected which can take INDIA VIX to 25. Weekly chart of the volatility index shows the range between 16-25 for coming months. High VIX = Inflated premiums on option contracts. For beginners , India VIX is a volatility index...