Post Market Summary and Trades Update 12.05.2022

Post Market Summary:

  1. The Nifty has dropped more than 5% in the last five days, closing at its lowest level since July 2021.
  2. Domestic equity benchmarks Sensex and Nifty fell for the fifth consecutive session on Thursday, owing to persistent selloffs in PSU banks, metals, and financial services.
  3. The IndiaVix increases 6.45% to 24.27. It hit a high of 25.32 today.
  4. The BSE Sensex fell 1,158.08 points, or 2.14 percent, to 52,930.31.
  5. The NSE Nifty ended the day down 359.10 points, or 2.22 percent, at 15,808.
  6. The BankNifty fell 1,161.00 points, or 3.35 percent, to 33,532.15.
  7. Bulls appear to have given up.
  8. FII sold for Rs. 5255.75 crore today and DII bought for Rs. 4815.64 crore.

Trades Update 12.05.2022

As IndiaVix has risen to 25, I have exited all of my positions, booking profit of Rs. 24,269 today.

However, VIX closed just below 25.

When the VIX rises above 25, it’s best to stay out of the market or take
very small positions.

DATE: 12-05-2022

So I booked profit of Rs. 24, 269 today, and have no open positions.

Hope you enjoyed the article.

Disclaimer: This article and trades shared here are for educational purposes only and should not be considered as financial advice or a recommendation of any kind. I am not advising any trading or investment ideas.
Therefore, I, don't bear any responsibility for any trading losses you might incur as a result of using this learning/data/indicators/charting platform. One is free to choose whether or not to follow the learnings, and create a position in the market at his/her own risk. 
Index market trading involves considerable risk and can result from the loss of your invested capital.
Always consult a Sebi Registered financial advisor and do your research before trading or investing in any market!
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