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INR

Can we Say that Nifty Has Bottomed out ?NSENG:NSE50 Just a Thought: Not for Trading Purpose NIfty has been free-falling all Due to COVID 19 and the same for Gold, Commodities everything. Chart that Nifty has the following in Pre 2008 Level and Post Market Crash in respect to USD/INR. Similar kind of Trend can be Observed as marked inboxes. Levels are marked for reference purpose only Can we say that Market has Bottomed Out? Can we expect consolidation or Or Buying in Market? Feel free to comment, open to discuss in more detail.
NSE:NIFTYEducation
by UnknownUnicorn5445493
1
India VIXAlmost every year India VIX tends to test the lower end of its range and reverses sharply in JAN. A trigger for this usually is the Annual Budget (Vix rising as a lead up to the event). It appears that the same scenario might be repeated in 2020. However, this time we have a global trigger as well which could fuel the rise in VIX (as and when it happens) Gold & Silver breakout and USD/INR which is very close to a breakout above 70.40 (in this case it should be noted that US$ is so far fairly muted against major currencies). We could initially see the Standard Deviation variation between Equity > Commodities / Currency expand. As a result, firstly the range will get broader, secondly price movement/reaction will be faster. Hence, option writing as Jan series gets into momentum might not be a safe hedge as it has appeared in NOV-DEC. Positional traders might get caught on the wrong side time and again as Swing traders are going to love the series
NSE:INDIAVIXEducation
by Dinesh_C_Nagpal
1