Nifty 10 Day historical IV's are trading near 52 week lows level last seen in Jan'10.
The coincidence is in 2 ways:
1. I n Jan Nifty made a new high at 5300 levelsand this time also Nifty is at new highs of 5400 levels.
2. Mid Jan was the result season and this time also the result season is going on.
The 30 Day IV's are also inching lower which is also another point to observe.
All the above advises caution as there is heavy Put written at 5300 and 5200 levels.
The coincidence is in 2 ways:
1. I n Jan Nifty made a new high at 5300 levelsand this time also Nifty is at new highs of 5400 levels.
2. Mid Jan was the result season and this time also the result season is going on.
The 30 Day IV's are also inching lower which is also another point to observe.
All the above advises caution as there is heavy Put written at 5300 and 5200 levels.
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