1. U.S Markets closed higher Yesterday.
2. All the indices closed higher.
3. Asian markets are higher.
4. Yesterday the good thing was U.S VIX had dropped significantly.
5. U.S VIX was down more than 7%.
6. VIX had shot up significantly when Iran - Israel War was on.
7. VIX is known as "Fear & Greed Index".
8. VIX rises significantly whenever there's Fear and greed in the markets.
9. Cooling off for VIX means that the uncertainties are nearing to an end.
10. Situation is under control & no fear is visible currently.
11. India VIX is total another story.
12. India VIX fell 20% Yesterday and hit an all time low of 9.96.
13. But I noticed option premiums didn't fell that significantly.
14. Usually when VIX falls next month premiums come off.
15. Yesterday they haven't come off so significantly.
16. In the past , post elections there was a crash in VIX but now markets seem to be confident that there would be a stable Government.
17. I'm not a political person nor I'm interested in politics.
18. We have many better things to do in life than arguing over political views.
19. What markets like is a stable Government.
20. So that there would be no change in policies and financial projection estimates.
21. Largecaps have posted sub par results upto now.
22. Broader space results have outperformed for majority of the companies.
23. This is the reason that even after a stellar rally in mid & Small caps last year, stocks ain't coming off.
24. This is a rally supported by fundamentals and not Euphoria.
25. Trend is Bullish but last 2 days of expiry we may get some volatile swings.
26. Expect nifty to touch all time once this monthly expiry is done.
27. Nifty might trade between 22200 to 22500 today.
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