India VIX

7 Nis 2020

As expected it has declined to 50 from its highs. It has very strong support between 47-50. Sustaining below these levels could take it all the way back to 30-20, which in turn would be good for equities as a falling vix gets stability which leads to a calm recovery in terms of both PRICE & TIME, so what is being perceived a quick bear rally could turn out to be a much more stable bounce back attempt. On the other hand, a reversal from here sees resistance near 65 and then a major one at 75. Anything above that would lead to mayhem once again.

17 Nis 2020

Not

Weekly is closing below an important level of 47. It could now go all the way till 30. More relief for equities till then