1. U.S Markets closed slightly higher yesterday
2. Right now , Dow Futures are flat.
3. Asian markets are mixed.
4. Gift Nifty is indicating a very flat Opening.
5. U.S VIX was up Yesterday by 2%.
6. India VIX also rose 6% Yesterday.
7. India VIX has slowly risen above 13.
8. Option premiums are slightly higher right now than before.
9. Before , India VIX was lower since past many months.
10. Now gradually its inching higher.
11. This may be because markets have run up quite fast.
12. All the short sellers & call sellers are in deep trouble.
13. So there is quite extreme fear among call sellers.
14. We have major 2 events coming up next year of 2024.
15. First event is of Budget and second is of Central Elections.
16. Before major events VIX shoots up.
17. Before Elections VIX has always shot up above 30.
18. So higher VIX upto Elections is a new normal now.
19. Yesterday Nifty traded in a flat range of 20400 to 20500.
20. Expecting this to continue for some time now.
21. Nifty might trade between 21350 to 21550 today.
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