Greed and Fear Indicator: Surge in VIX may put pressure on the market (VIX CMP – 28.14)
India VIX moved up sharply by 26.5 percent from 22.25 to 28.14 levels on week on week basis. VIX touched the intraday high of 29.64 and made its highest levels of the last 169 trading sessions since June 29, 2020. Surge in VIX has given tight grip to Bears and likely to put pressure on the market at any bounce.
CBOE VIX: CBOE VIX was up by 26.7 percent from 22.05 to 27.95 levels. Volatility shot up during the second half of the week and has given support to the bears to ride the downfall.
Fund Flow: FIIs sell as the market tumbles while DIIs turn net buyers