Budget opportunities Nifty

This time around the budget is more special than usual years, it is the budget after demonetisation and is coming one month earlier than usual. As seen in the chart and the green boxes the volatility usually peaks during the budget, this time we should expect no different. Another point is the strong negative correlation between the India Vix and Nifty. So good opportunity to write options around this time for Nifty Feb. Given the expectations ahead of this budget would expect a good rise in the market till end of the month.