I have noticed this correlation between Nifty and Indiavix.
1. Whenever there is a spike in volatility and volume, that seems to mark the bottom for Nifty.
2. This theory seems to be holding for the last 7-8 months.
3. Currently, we are facing a similar kind of situation. The Vix has spiked and the price is tanking.
4. If the theory holds its value, the bottom...
#banknifty view for 1st Oct'21.
The panic might be temporary, we can safely consider this as pull back.
Short Term Trend Reverses Below:- 37,000
Medium Term Trend Changes Below:- 36,500
Long Term Trend Changes Below:- 34,900
Traders might feel the heat, but you are invested, stay longer or if you get a bit correction, get some good quality banking stocks.
Simple analysis. Nifty looks bearish it almost tested 0.618 Fib level twice. And looks like Double bottom confirmation.
Short below 17690 can expect very good R:R since the market looks in bearish sentiment. Nifty should sustain above 17800 for buying. Buying target 17900.
Maintain trailing SL and manage risk well.
Avoid trading tomorrow between this range.
Trade after the breakout.
My view is bullish Since we saw last hour short-covering and heavy buying happened.
The market will be very volatile tomorrow. VIX is around 18.5 Up 2.67%.
DJI's significant "Strong Weekly Closing" confirmed breakdown. Besides this, extreme volatility spurt in VIX too signaling the weakness. Although i am a learner. But this is somewhat remarkable. So sharing this view!
here is a small analysis on VIX aka India VIX aka Fear Index
It has deviated from the proper channel after a long time.
This deviation is momentary and will join the main channel by month end.
In the so-called smooth market, functioning the S&P500 has had 14 gaps in the last 16 trading days. A correction seems quite near. The rise of crypto is also an expression of the societal collapse of trust in the monetary control of central banks and their credibility with the public.
Overstretched MACD , how long can this hold? The broader market is barely moving...
VIX has been forming quite a lot of gaps lately. This chart suggests remaining risk lower into filling the open gaps still, but the pattern is tightening and looks to come to a resolution at any moment between now and in the next week.
This smaller pattern suggests room for a VIX breakout into the low to high.
The longer-term structures continue building for a...
VIX volatility can be in broader range of 11-25 for long period of time. 2017-2020 saw such range bound movement. 2020 was one of event for ViX . However, 11-12 is the bottom of slope. VIX if falls to this level then caution should be taken in option selling and short term trading positions. ViX can remain in 11-16 for a longer period of time. So predicting top on...
A head and shoulder kind of pattern can be seen on the weekly charts of INDIA VIX, suggesting downward trend of INDIA VIX. (OPEN THE CHART FOR DETAILED VIEW)
INDIA VIX is a kind of indicator/index that measures volatility in the markets. Lower/Degrading VIX shows bull run in the markets. Higher/Upgrading VIX suggests bear run in the markets.
According to the...
now nifty has made round shaped pattern with ending diagonal at supply zone and also there is zone over zone. which gives a good confirmation for sell.
from now we will be bullish if it crosses 15450 and below 15450 -- bearish
so a good fall fall is expected in market after completion of ending diagonal.
PCR is 1.24
Indian VIX is @ 19.08
Nifty - Technical Analysis:
-Nifty gaped up around 11550 owing to positive sentiment and buying observed in midcaps and smallcaps due to the recent SEBI circular.
-We were unable to sustain above 11,550-11,575 which is a little concerning. Even if it were to take a day or two and then get past those levels, we are in bullish territory.
-NSE Nifty settled 24...