Below the Views on Technical Market by Anand James, Chief Market Strategist, Geojit Financial Services
Yet another series of unsuccessful attempts yesterday to clear 24389 ended with a close below 24167 limiting the chances of any meaningful recovery during the rest of the day. However, as maintained yesterday, we prefer to see this as volatility rather than an outright collapse. Equally importantly, even though it would not stand another attack, the 50day SMA, now at 23938,...
Views on Technical Market by Anand James, Chief Market Strategist, Geojit Financial Services
Below the Quote on India VIX by Anand James, Chief Market Strategist, Geojit Financial Services
"Seen in isolation, the present levels of VIX are consistent with historical trends, which usually witness a rise in VIX when previous peaks are re-visited. In early April 2024, when Nifty tested a new record peak, VIX was near 11, but now above 16, when we are again back in the vicinity of the record peak. Similarly, when in mid January 2024, when we saw a new peak in Nifty,...
Quote on India VIX by Anand James, Chief Market Strategist, Geojit Financial Services
