Smaller and mid-cap shares have tumbled more than the broader market since the Sept. 26 high, with Nifty gauges tracking them down more than 18%. While investors have so far remained largely bearish, some firms have turned positive recently.
In an interview to CNBC-TV18, Amit Trivedi, co-founder of Investworks.in shared his outlook and strategies for the market. He does not see much of upside on the market as it is eagerly awaiting Fed's moves in its meet on September 17-18.
India VIX measures the cost of protection via options and is seen by some investors as a "fear" gauge has already marked its highest intraday level since 18 June 2012
Sanju Verma of Violet Arch Cap, in reaction to volatility index India VIX touching a high of 19.85 on Wednesday, says that this could be an indication of trouble at the bourses in the short-term.
Hemant Thukral of Aditya Birla Money told CNBC-TV18 that he expected a pullback in the market at 5,930-5,940 before testing at 5,800-5,850 levels.
In an interview to CNBC-TV18 Karun Mutha of HSBC Invest Direct shared his readings on the Futures and Options market.
In an interview to CNBC-TV18, Hemant Thukral of Aditya Birla Money, spoke about his reading of the market and his outlook on various stocks.
In an interview with CNBC-TV18, Karun Mutha of HSBC Invest Direct, spoke about his reading of the market and his outlook.
The volatility index (VIX) is at a historical low despite all the tail risks still being there in the system. In an interview to CNBC-TV18, Stephane Deo, Global Head of Asset Allocation at UBS said that VIX is a short-term indicator of volatility and it is to some extent sending the wrong signal.
With an anticipation of further up-move in the October expiry, we recommend traders to construct a Bull Call spread on the Nifty. It can be initiated by "buying a 5,800 Call and selling a 6,000 Call of the October series".
Long Straddle on Nifty: It can be initiated by buying 5200CE and 5200PE of August series. The net combined premium outflow comes around Rs 180, which is also the maximum loss. The break-even stands at 5380-5020 levels. There is unlimited profit beyond the break-even range.
Short Strangle on Nifty: It can be initiated by selling 5300 Call and 5100 Put of July series. The net premium inflow comes around Rs 45-50, which is also the maximum profit if the Nifty July series expires between 5100-5300. The loss remains unlimited beyond the break-even range of 5350-5050.
The Nifty futures remained sideways in the second half of April series expiry and entered the May series with comparative healthy rollovers of 71%. The earnings season for the fourth quarter started on a negative note as Infosys reported less-than-expected earnings numbers.
The Nifty Futures traded in a tight range of 5,330-5,190 (as on 13th April) with a positive bias in the first half of April expiry.
Mecklai graph of the day - The Volatility Index uses option prices on the S&P 500 stock index to measure the expectations for big swings over the next 30 days.
The Nifty continues its upward journey in the February expiry, led by sectors such as banking, oil & gas and metals. With good FII inflows, better-than-expected earnings results of certain heavy weight companies and appreciation of the Indian rupee, the Nifty has gained over 3% since the start of the February expiry.