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7600 Good Support VIX Falls

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As expected, 7600 became a strong support. Nifty bounced back from 7610. Click here to see.

And the good news is that the whole world has taken a 0.25% increase in FED rate for granted and have moved on.

Indian markets are great followers. Once the European markets started moving up yesterday, Nifty also started moving up. Very strange but we traders cannot do anything about it. Intraday traders can benefit from it though.

The good news is worry is over.

And when worry is over you can see that VIX has also started to fall.

At 11.20 am INDIA VIX is at 16.82 which is 3.00% down from previous close.

It will fall further tomorrow. Be ready to close strategy 1 if in reasonable profits tomorrow.

More profits coming. 🙂 I will send an update later tomorrow.

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Dilip Shaw
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Traditional brokers charge a lot on brokerage, however this broker does not charge anything for stock buying and selling. Also, you can set a Good Till Cancelled order after buying stock so that the system can sell the stock automatically at your desired price even if you are not monitoring the market. Plus only 25k is blocked for option selling. It takes 5 minutes to open an account online. Click here and Open Stock Buy & Sell Free Account with Them Today >>

About the author: Dilip Shaw I started trading stock markets since 2007. However my first 3 years were losses. Then I dedicated almost 1 year on studying, researching, paper trading options and learned a lot in that time. Since 2011 I am trading Nifty options profitably. Call me if you need any help trading options on 9051143004.

{ 2 comments… add one }
  • k ANJIREDDY December 16, 2015, 12:14 pm

    Sir according to your idea today morning put options of icici bank put sell at 8.75 and booked at 5.8 thanq

    • Dilip Shaw December 16, 2015, 1:19 pm

      Nice to see you making profits k ANJIREDDY 🙂

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