Pointing out that the distance between 100 and 200 SMAs is the highest since the sharp ascent during the 2020-21 period, Anand James, Chief Market Strategist, Geojit Financial Services, says we are now at a perfect point to correct this anomaly as we approach August low of 23893, providing a breathing space for bulls to … Read more
Fear index India VIX witnessed its highest single-day gain in 9 years, jumping nearly 40% on intraday basis to the day’s high of 28.62. The gains were seen after counting trends showed a strong fight back by the India Alliance though BJP-led NDA still managed to cross the majority mark. India VIX had settled at … Read more
“We have seen a profit booking decline in last four-five trading session and supports are slightly shifting lower. However, we are at 23-24 VIX, so wild swing of 200-300 points intraday cannot be ruled out,” says Chandan Taparia, Motilal Oswal.What is the positioning right now? From last hour of trade yesterday, which saw panic, we … Read more
After touching a fresh peak, Nifty ended last week marginally higher as earnings, Fed meeting and election-related speculations kept investors busy. While most sectors are contributing positively except for IT, banking performance is likely to heavily influence market sentiment, analysts say. “The rising VIX is indicative of potential volatility. Market can turn highly volatile in … Read more
After a sharp rally over the past two months, the Nifty is poised to take a pause and consolidate, maintaining a positive bias within the broader range of 21,600-20,800. Analysts suggest that any potential breakout above 21,600 could propel the index to a new all-time high within the range of 22,000-22,200. Stocks such as L&T, … Read more
The markets continued their unabated upmove. Following a strongly trending week, the Nifty not only ended at a fresh lifetime high, but it also closed with gains for the sixth consecutive week. The markets piled up decent returns despite some signs of consolidation in the second half of the week. The last two days were … Read more
The VIX is at 20, stocks are on the brink of their worst October in five years, and every other day the bond market throws a fit. For equity bulls conditioned to dive in at any sign of weakness, it’s getting to be too much. Across investor categories, they’re pulling money out and hardening a … Read more
The Indian market is expected to trade higher on Monday tracking positive global cues. The 30-share BSE Sensex fell 259 points to settle at 62,979, while Nifty was down 105 points at 18,665 on Friday. India VIX was down 3% from 11.55 to 11.23 levels on Friday. Lower volatility keeps the market choppy within a … Read more
This was the second week in a row when the markets delayed their breakout and continued to flirt with the key levels. Nifty50 index stayed above the crucial supports but failed to break above the important resistance zone. The trading range also remained narrow as the index oscillated in a 246.30-point range before closing on … Read more
“Market typically peaks out with some amount of euphoria, which has not happened so far. So similarly, if I have to look at 2023 now, yes, it will be volatile, but if we can say with good amount of confidence, the top is in place, so answer is big no,” says Sandeep Tandon, CIO, Quant … Read more