Hello reader, hope you’re doing well. Keeping the post pretty short today with it being the expiry day on FinNifty.
Points to note –
- Markets continue to be rangebound and a trending move will start once indices break out of the 17400-17900 range.
- India VIX can bounce back from the recent lows, which will slowly kick in some volatility.
- Good time to add new long term options trades would be post VIX increase to benefit from higher premiums.
- This has been the nature of our markets in last few months – healthy rotation amongst stocks & sector. Index levels won’t tell you the damage underneath, but will continue to remain this way for a while.
Have a good trading day, and may the force be with you!
Disclaimer: this post is for educational purposes only, we are not SEBI registered analysts. Trades mentioned here are not trade recommendations. Equity Investments are subject to 100% market risk, please consult your financial advisor before investing.