But, the index has risen above its 5 days moving average. The index is now above its 5, 15, 25 and 200 days moving averages and all the averages are rising and also positively trended. All these indicate a positive bias. But, the velocity parameters continue to remain neutrally trended.
Moreover, the global markets are substantially weak. The Dow collapsed by 261 points, while the Nasdaq fell 70 points on Friday and this could have a negative impact on sentiment.
Investors are advised to hold long positions but with a strict stop loss at the 15-day average at the 5316 point's level.
Moreover, the global markets are substantially weak. The Dow collapsed by 261 points, while the Nasdaq fell 70 points on Friday and this could have a negative impact on sentiment.
Investors are advised to hold long positions but with a strict stop loss at the 15-day average at the 5316 point's level.
NSE launches volatility index-India VIX
NSE launch a new Index name as VIX, a volatility index being disseminated on a real-time basis for the first time.
India VIX is based on the index option prices of NSE's benchmark index NIFTY.
India VIX is computed using the best bid and ask quotes of the out-of-the-money near and mid-month NIFTY option contracts, which are traded on the F&O segment of NSE, the Exchange said in a statement here.
The volatility index called the India VIX indicates the investor's perception of the market's volatility in the near term. The index depicts the expected market volatility over the next 30 calendar days i.e. higher the India VIX values, higher the expected volatility and vice-versa. So far, the volatility index, which is expressed in a percentage figure, was shown at the end of the day. But now it will be displayed on a real time basis.
