INDIA VIX at 3 year high: Angel Broking

Mr. Ruchit Jain (Equity Technical Analyst, Angel Broking Ltd)

"As our markets halted its winning streak during last week, the fear index rose to its 3-year high amidst the general elections and rising crude oil prices. The INDIA VIX climbed to above 24 levels today which indicates increasing concerns amongst market participants and is a sign of rising volatility in the market. The Nifty and BankNifty index have witnessed profit booking in last couple of sessions and a rise in the volatitliy index could lead to some roller coaster rides in the short term."

Source : Equity Bulls

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