VIX observation

[Mayur Patel]

19^th Sept 2014: VIX closes at 11.89 (lowest in many months), Nifty spot 8130. 19^th Oct: VIX made high 16.88, Nifty made low of 7720.

Today, 05^th Dec: VIX closes at 11.95 and Nifty @ 8538. Either side big move coming. Before expiry, expect either 8200 or 8900 Nifty.

 

 

 

 
 
 
 
Regards,
 
Mayur K Patel
Branch Manager,
Sharekhan Ltd,
Ghatkopar Branch, Mumbai.

[Mayur Patel]

As observed on 5th December, we might see 8200 or 8900 Nifty spot in December expiry. The one thing I did not expect was to achieve either of the tgts in next five sessions. At 8216 lows, spot has almost achieved the tgt. BUT, the VIX has only risen from 11.95 to 13.75 odd levels, giving it still some room to rise and thus giving some more pain to bulls. 8150-8180 area huge support level for Nifty spot. A close below 8150, can tgt 8030-7820 and if 8150 is held then a bounce till 8330-8380 likely. 

 
 
 
 
Regards,
 
Mayur K Patel
Branch Manager,
Sharekhan Ltd,
Ghatkopar Branch, Mumbai.