Intraday call Nifty future

Buy M&M (FUT M&M - 28-MAY- 2020) in the range of 370-371 
Target - Rs. 380
Stop Loss - 366
Update - Target hit Profit Rs. 9000 in one lot

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Sale NIFTY 50  (FUT-NIFTY-28-May-2020) in the range of 9370-9390
Target - 9240
Stoploss- 9460
Purely intraday call
Update 1- low 9290 safe trader book 100 points profit Rs 7500
Update 2- Target od 9240 achived Total profit Rs. 11250

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India Vix Vs Nifty correlation

Typically, there is a inverse correlation between India VIX and Nifty. The India VIX represents the fear or risk factor in the stock market. Therefore, an increase in India VIX means risk is increase therefore market falls. If the India VIX is decreasing then it means that market should go up due to low risk and fear.

You can gauge the fear factor in the markets. If India VIX has risen anything over 10% then that day is a dangerous day to trade. You have to trade with caution.

India VIX has a range, usually from 10-15 which is normal.

In the last five years India VIX was highest at 86.64 on 24-March-2020 where on the same day nifty was 7511 at its 52 week low.

India VIX is fear factor index of traders. In the US traders can trade VIX but in India the volume is almost zero.

The trading symbol of the future contract of India VIX is INDIAVIX but no one trades.

The material on this site is provided for information purpose only. This associated sites do not accept liability for your use of the materials provided.