Have projected my views on the chart itself...
It is the downtrend in VIX which is helping push / maintain Nifty in the upward direction...
Keep a close eye on Volatility index as it may be an early indicator to signal a reversal in market.
And if VIX starts moving up towards 24 some time later this year (it has tested 24 levels each year in the last 5 years), and barring once during 2014 election time, on 4 other occasions whenever that has happened Nifty has seen a fall of 10-15 % magnitude. You definitely would not want to be a buyer in that market...
Take care and safe trading...!!!
It is the downtrend in VIX which is helping push / maintain Nifty in the upward direction...
Keep a close eye on Volatility index as it may be an early indicator to signal a reversal in market.
And if VIX starts moving up towards 24 some time later this year (it has tested 24 levels each year in the last 5 years), and barring once during 2014 election time, on 4 other occasions whenever that has happened Nifty has seen a fall of 10-15 % magnitude. You definitely would not want to be a buyer in that market...
Take care and safe trading...!!!
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.