In the above image, we have tried to divide the India VIX into various zones
What we have observed is since 2012, when the India VIX stays below 20 zones, that is the time when market is in a normal trading zone,
A spike to 20 to 30 levels are seen in known events like Budget / Elections etc.
A spike to 30 to 45 zones is seen in events like Global Market Corrections, Taper Tantrum, War etc. &
A spike beyond 40-45 zones is seen in a Black Swan Event like Global Financial Crisis and Pandemic
Right now, the VIX is at 23.43, which means we are still not out of the woods, until it drops back below the 20 zones
Last time we wrote was on 25th February 2022 when the VIX touched a high of 32-34 zones, since which VIX has fallen to current levels of 23-24
Do let us know in the comments section if you have a take on any of the above observations!!
Happy Weekend !!
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