On a weekly trend Bank nifty is showing some positive sign, but Nifty has not yet.
Today also Nifty opened positive but remained range bound during the whole day and closed 50 points down.
Bank Nifty also lost 73 points and closed at 24528.
Reversal is not yet visible. Only when the VIX cools down to 16-15% level, we can expect up move in the index. Till then you will find high volatility and high premiums on options.
One can be assured of a big move - nifty 400 to 600 points and BN 1000-1500 points jump. Better exercise patience and grab a good opportunity.
Patience Pays!!
Today also Nifty opened positive but remained range bound during the whole day and closed 50 points down.
Bank Nifty also lost 73 points and closed at 24528.
Reversal is not yet visible. Only when the VIX cools down to 16-15% level, we can expect up move in the index. Till then you will find high volatility and high premiums on options.
One can be assured of a big move - nifty 400 to 600 points and BN 1000-1500 points jump. Better exercise patience and grab a good opportunity.
Patience Pays!!
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