INDIAVIX at Resistance on Daily ChartINDIAVIX is standing at 25 resistance on the daily chart. VIX has risen significantly in the last two week bear run. Will we see VIX further breaking 25 resistance and hence further fall in the Indian indices, or will there be cooling of the VIX supporting a bullish stock market move?
Increased volatility is expected during the budget day on 1 Feb so VIX may go higher than 25 intraday or even by EOD on Monday. Price action post Monday in the coming week will be decisive factor.
