EOD (End of Day 22-Jan-2018), INDIA VIX is up by 10.09% this is due to upcoming budget on 1-February-2018. This will increase until budget and will fall after that. Market direction will depend a lot on budget announcement.
But when INDIA VIX moves a lot option premiums moves a lot too.
If you do not know INDIA VIX has a lot of effect on option premiums. They are directly proportional. When INDIA VIX rises option premiums will also rise. When INDIA VIX drops option premiums will also drop creating a lot of problems with option buyers. When INDIA VIX rises option premium rises creating a lot of problem with option sellers.
Trade with caution until the budget is out.
Hedge your trades. Do not let a single trade wipe out your account.
Do not forget your stop loss, profits targets.
For conservative, cautious and new traders its highly recommended to hedge your trades. Do not let a single trade wipe out your account.
If you do not know hedging you can learn hedging strategies and never be bothered again about market direction, options premiums etc. You can trade, make profits every month and and live a peaceful life.
You can see here how traders are performing after doing the course.
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