After today's brutal fall, India Vix has broken a downtrend with a falling trendline on weekly chart. Range of 19-22 is danger zone for this, any close above that could see a very big fall and markets can go really down quickly. While i know its easy to point this out today with the confirmation of the fall but this is what i saw on the charts so posted.
Keeping the budget in mind also Vix is on higher side but this is a cautious time with market already in confirm downtrend.
Option Premiums are super expensive but can even go higher than what they are now considering the upcoming event. Hedging is super important on both sides.
Keeping the budget in mind also Vix is on higher side but this is a cautious time with market already in confirm downtrend.
Option Premiums are super expensive but can even go higher than what they are now considering the upcoming event. Hedging is super important on both sides.