1. GOLD and Silver bottoming out, 2. DXY Breaking out of a double bottom, 3. INDIA VIX breaking upwards from a rounding formation Perfect troika for trend reversal? #NIFTY #EMERGING MARKETS #NIFTY50 #INDEX #TREND ANALYSIS
Historically vix value below 13 is cause of concern. the same value around 10 has caused market to crash and below 15 indicates the corrections upto 10%
with a target of 9.43, which means there is going to be a bull run in NIFTY
Despite not being like your average widely traded security, India VIX can be invaluable in providing info on the broad market movements along with option pricing. It is known that with an increase in VIX, one can expect an increase in ATR (Average True Range). This is a double-edged sword because, on one hand, a higher ATR indicates a higher potential move...