India VIX Future Trading

Volatility Index is a measure of market’s expectation of volatility over the near term.
India VIX is a volatility index based on the NIFTY Index Option prices. From the best bid-ask prices of NIFTY Options contracts, a volatility figure (%) is calculated which indicates the expected market volatility over the next 30 calendar days. India VIX uses the computation methodology of CBOE, with suitable amendments to adapt to the NIFTY options order book using cubic splines, etc.

Recently NSE  Starting trading in India vix
Though its costly,Not meant for retail investors: The contract value would be minimum Rs. 10 lakh, so is unlikely to be evoke interest from retail investors.

Lets see the India VIX chart.

From the chart we can see
the vix is forming
abcde and is in ending stage.
It should bottom near 12
and then head towards
16.
Above 16 it would be a
breakout and it can
travel much above
so as of now first hurdle


in rise would be 16.

Regards
Rish

Nifty February expiry

Hi friends,
                    In lower time frame nifty is finishing an impulse
we can see from the following chart its in 5th of impulse
of lower time frame ,We have targets as 6220-25 and above
that 6260-65 above that .

A fall below 6200
would be first sign of weakness
wher as a fall below 6180
would confirm the weakness.
Trade wisely.








Regards
Rish

IDFC The Banking license hype

Hi friends,
                   Looking at IDFC the front runner for Banking license.
Lets look at the chart does it show something exciting ?
Below is the daily chart of IDFC.

The chart suggests the
stock is near to the
slanting trendline
resistance and nothing
extraordinary in volumes
yet.
Let me pul out one
more chart of lower
timeframe to get a
better look at the
present structure.

From the hourly chart
we can see a small
triangle in formation
and right now we
are in e wave down
The support lies at
lower trendline ie 93.80
and breakout resistance
at 98.90.
Ideal trade would be to
buy as near possible to

the support of 93.80 stoploss of 92.80 above 98.90 this can go towards 106+.
On downside below 92.80 the stock gets weak.

Nifty enters the gap area

Hi friends,
                  Nifty continues to move up after small abc ,Its entering
the gap area and also the important retracement zone of 61.8%
and 78.6% ,Usually nifty reacts to this range before reversing.
Lets look at the chart.

So nifty should
resist 6190-6200
range above that
it can stretch towards
6260 ie it would try
to close the gap.
Lets see tomorrow
how 6200 range reacts



I of the opinion the upmove is corrective in nature,Above 6260 only i would
consider alternate count.
Regards
Rish