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Since last few days, India VIX is dropping. See this image:
India VIX 03-Apr-20
From a high of 86.63 to 55.30 in less than 30 days.
What does it mean?
It means that traders are assuming that the worst has happened and some kind of normalcy may resume in a few days so fear factor is decreasing.
Does this guarantee that normal trading will resume soon and that Nifty will now start to go up?
Well, nothing is guaranteed in stock markets else everyone would put 100% of what they earn in stock markets. But this gives some indication that in the near future (30 to 60 days) normalcy will resume.
So what can you do?
Right now you still have to trade with caution and if possible intraday only with a single lot. Positional trading is a big no.
Just trade with strict stop loss and target. Do not change the target or stop loss whatever happens.
Hope this helps.
Other articles on India VIX by me:
How India VIX Is Calculated and What to Expect After Seeing High or Low India VIX
Impact on Nifty Bank Nifty India VIX due to General Elections 2019
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