Update sent to clients at 4820-4830
Please find attached a chart on INDIA VIX which clearly suggests extreme panic.
- > The last two three times INDIA VIX was above 32 was on 09/08/2011 – Nifty was 4950-500 it bounced to 5195 and next on 26/08/2011 it traded at 32 – Nifty was at 4720-4750 it bounce back to 5150 +. Next on 13/09/2011 Nifty was at 4920 it bounced back to 5150 in next few sessions.
- >So panic is at high watch if there is a sharp correction one can look for stock specific buying in a staggered manner . Nifty support points 4820-4720 ideal and in extreme panics at 4550-4480. Resistance 5050/5150. Generally we have seen very sharp bounces to the tune of 6-10 % from such panics.
- > Only time Index has traded above 38-40 vols has been in 2008 Lehmann collapse period.
Happy Investing ,
Nooresh
September 26, 2011
Respected Sir,
i want to know where the indiavix can be watched live. please let me know the site of either NSE or BSE or anyof the sites where i can watch this indiavix daily \.
please do the needful.
arun sutar 9764560077
arunanisha6@yahoo.co.in
September 27, 2011
Hi Arun,
You can check on nseindia.com indices statistics.
September 29, 2011
A research that I found at http://www.niftyvix.com says that we should buy Nifty whenever India VIX is high. Do you think it is accurate?