Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and 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. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

Nearing Elections and Raising India VIX

37 sec read

Nifty Index Hourly Charts
Nifty Spot

Nifty and Banknifty spot on the hourly charts are in buy mode since 17th Feb and maintains the mode for prolong time. Currently the support zone comes close to 6703 and 12653 respectively. Index will turn to sell mode if the support breaks on the hourly charts.
Banknifty Hourly Charts
Bank Nifty Spot Hourly

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Raising India VIX

As elections are nearing the volatility in the past days keep raising constantly and Currently India VIX Index is around around 29, During last 2009 Elections it rose to over 50 by mid-April and averaged over 50 till the election results were announced on 17 May 2009. It is expected that market will be more volatile and jittery in the coming days. And the increased VIX mostly benefits the day traders and Trend followers.

Raising VIX

Open Interest Lookup

The April Open Interest picture for Nifty options shows that 6700PE writers still not much confident enough in building higher open interest (OI less than 60 lakhs) but still the highest among the strike prices. And no visible sign of put writers stepping in at this moment.
Open Interest April

Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and 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. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

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2 Replies to “Nearing Elections and Raising India VIX”

  1. Sir

    Any indicator/Oscillator or other method which predict the increase or decrease in Volatility ??

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