Mecklai Graph of The Week


India:- Volatility Index To Fluctuate Till Elections Get Over



The Above Line Chart Is of India’s VIX from 03rd Oct 2023 Jan to 07th May 2024


India’s volatility index surged to a 52-week high at 17.63 and later settled above 16.00 level. In the recent weeks, the VIX captured significant attention as it has turned volatile, moving more than 20% and rising for nine consecutive trading sessions. Daily charts show that it is a bearish sign for the Nifty.


Amid ongoing elections, and global vagaries, the index is likely to go up further. The present levels of VIX are consistent with historical trends, which usually witness a rise in VIX when previous peaks are re-visited. What is raising eyebrows now is the steepness in the fall and rise of VIX in a minor frame. Just three weeks back, VIX had fallen to near record lows. The markets may calm down soon and provide opportunities for the investors to add to their domestic exposures. However, the volatility to continue until the elections get over.


08, May, 2024