With FOMC outcome due tonight, volatility is increasing sharply (pre-event uncertainty)
We are in the dark as to what FED will do tonight - so many possibilities, add to that statement - hawkish or dovish
25 bps market will rally
50 bps appears discounted
75 bps market will panic
Hence better to stay light
Above 21.75 the crucial resistance is at 2.80 if that...
India vix is continuously increasing from September 21 now at 27 it should touch 30 now I've stopped trading at this situation this is fear indicates you'll loose every trade you take on options, usually ViX trading below 20 good for trading but now it's showing fear, one should definitely stop trading until it comes below 20 otherwise you'll be trapped and loose...
INDIAVIX : It is a Volatility of Index (Nifty)
If VIX Higher Volatility of Nifty will be More and Option Premiums will be More.
If VIX Lower Volatility of Nifty will be Less and Option Premiums will be Less.
There is nothing VIX Raising Market will Go Down or VIX Falling Market will Go Up.