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India VIX falls 5.8% to 10.68 ahead of Monday trade
The Economic Times··7 Sept
India VIX, a measure of market fear, fell 5.8% to settle at 10.68. Foreign portfolio investors net sold Rs 3,112 crore on Friday while domestic institutional investors bought Rs 8,920 crore. Stocks in F&O ban today include SAIL, LIC Housing Finance, Inox Wind and Kaynes. Nifty support is placed at 23,830 and 23,700, analysts said.
Prism
What It Means For You
- Securities cross 95% of the market-wide position limit to enter the F&O ban list.
- The short-term trend looks weak while the index trades below the 50-EMA on the hourly chart.
- Resistance is seen in the 24,000-24,200 zone, technical analysts said.
What's Happening
- FPIs sold and DIIs bought on Friday, exchange data show.
- The Indian rupee ended largely unchanged Friday but posted its best weekly performance against the dollar in 5 weeks.
- Analysts cited stronger-than-expected dollar inflows into central bank special schemes.
What Monday's trade setup signals for investors
- Nifty technical levels for Monday
- Support sits at 23,830 and 23,700 on the lower end.
- A sell-on-rise sentiment may persist below the 24,000-24,200 band.
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