Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

India VIX the short term Multibagger

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Nifty Hourly Charts
Nifty Spot

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Nifty and Banknifty spot on the hourly charts are turned to sell mode. Currently the resistance zone comes close to 6285.5 and 13001 respectively. Index will turn to positional buy mode if the resistance breaks on the hourly charts.

BankNifty Hourly Charts
Banknifty

India VIX Daily Charts
On 6th March India VIX volatility index achieves the all time low of 12.5 since then within a short span of time scales to above 30 due to the upcoming election results which creates too much of expectation among the option traders. India VIX had risen more than 100% since 6th March 2014. And the election results are likely to be announced on 16th March till then markets are expected to be in sideways mode.
India VIX

Open Interest Lookup
6800CE writers tried dominating the open interest group but once again 6700PE taken over for the series. So far 6700PE holds the highest open interest amoung the option series and no visible call writing or major open interest builtup on the call side as of now.
open interest

Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

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2 Replies to “India VIX the short term Multibagger”

  1. Sir , Can you please specify something about the impact of election on indian stock market Pre & post both type of impacts. and how to manage stocks in this situations

    1. To my knowledge Election Results are going to be in the complete uncertainty. If you want to utilize the volatility trying playing with Options Strategies.

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