India VIX and its implications, a thread 🧵:

What is India VIX?
India Volatility Index ie India VIX is a measurement of expected volatility in the near term usually over the next 30 days in the Nifty50 index.

This indicates how much the index can move either side where higher vix means market tends to move steeply up or down and lower vix usually indicates a stable or a steady pace move.

How is it calculated?
India VIX uses the computation methodology of Chicago Board of Options Exchange (CBOE), with suitable amendments to adapt to the NIFTY options order book.

It considers the current month and next month OTM strike option best bid and ask quotes which are traded in the Futures and Options segment of NSE.

#IEX
Closing below important support forming inverted cup with handle pattern.

#LTTS
Most midcap IT stocks look positive.

#BajajFinserv
At important support range 12000-12500.

#SeshaPaper
Paper stocks are doing well recently.

#ITC
Daily and Weekly chart
265 is a very important resistance.
A weekly close above this here can be positive.

#Nifty50