India VIX, the key gauge to measure the market volatility, is hovering around 18 levels from its peak of 21.
Does this indicate a stable market trend going ahead?
Check out the market trend with Chetan Jain, Deputy Manager (Derivatives Desk) - Equity Research, Anand Rathi Financial Services.
Smartinvestor : In past 3-4 sessions, FIIs have bought index futures. Does this indicate FIIs interest coming back into the futures market?
Chetan Jain : Yes FIII has been witnessing good buying intetrest in last couple of days along with increase in OI suggesting long accumulation whcih is also supporting our positive biasness.
Smartinvestor : In the current series, PCR OI is continously moving up. What does this indicate in terms of market trend?
Chetan Jain : PCR OI mainly gives a comparision between put writers and call writers in the market, Looking at the current series PCR OI has been on rise suggesting on every decline put writers are getting more aggresive as compared to call writers which is showing their strong conviction for markets to move on higher side.
Smartinvestor : Market volatility is slowly stabilising with VIX dropping to 18 levels from its peak of 20-21. Do you expect any surge in VIX as we are still in the midst of earnings season?
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