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DOW JONES: 12-09-16

DOW JONES: 12-09-16
September 11
18:33 2016

US CBOE volatility Index closed at its highest level since late June.  This is an early indication for a possible technical correction.  Usually US equity markets were deliver lower stock returns during the month of September.  US Presidential election on November can add further volatility in the days to come.  As our markets are having positive correlation with US markets it is quite normal that the volatility in the domestic market can start moving up from the current levels.  It is advisable not to write Nifty options, because India VIX can start rising from the current levels.

 

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ALEX MATHEWS

ALEX MATHEWS

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