Sharp volatility, correction likely ahead of Q3 results; Vix jumps, be cautious on leveraged stocks
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India VIX has reached its highest levels in more than 6 months, closing at 14 levels due to the closure of Call writers’ positions. While the market remains in an uptrend, analysts believe that such a sharp rise in volatility ahead of the results season suggests one should exercise caution in highly leveraged stocks.
The India Volatility Index moved to at a 9-month high of 16 on 28 December 2023
As Indian markets continue to touch new record highs, volatility gauge India VIX has come into focus after edging towards the critical range of 15-16 last week. This development is prompting caution on D-street, with experts predicting a correction ahead of the results season.
The India Volatility Index (VIX), also referred to as the fear index, is currently trading in the range of 13.5-15. It made a low of around 8.4 in the November series amid a lack of major triggers in the…
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