Indian market ended volatile session with a cut of around 0.50% on Nifty & Sensex, Banknifty manage to close flat. VIX rose more than 9% to close at 25.64.
Approach on Indices: Nifty will turn weak below 16008 & Banknifty below 33878. Indices remain in positive / range bound move till these levels are held.
Nifty @ 16008 & Banknifty @ 33878 remains support for any possibility of short covering. US FOMC meeting minutes – any comment on recession could or aggressive rate hike could be negative, another 50-bps hike for next 2 round is broadly expected.
VIX @ 25.64: yesterday increase by 9.5% and close above 25 level, we expect it could lead to high volatility as fear premium is getting build in. Today’s indicative opening is around 50 – 70 points higher. Unless VIX cool-off – we expect crazy volatility.
SGX Nifty @ 16185.50 up 71.50 points at 7:50 AM.
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Daily Report 25-May-22
Indian market ended volatile session with a cut of around 0.50% on Nifty & Sensex, Banknifty manage to close flat. VIX rose more than 9% to close at 25.64.
SGX Nifty @ 16185.50 up 71.50 points at 7:50 AM.
Nifty @ 16008 & Banknifty @ 33878 remains support for any possibility of short covering. US FOMC meeting minutes – any comment on recession could or aggressive rate hike could be negative, another 50-bps hike for next 2 round is broadly expected.
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