VIX

2️⃣ What India VIX Really Means 

📌 Key Rule

Direction comes from price → Speed comes from VIX

3️⃣ Relationship Between Nifty & VIX

🔁 Inverse Relationship (Mostly)

• Nifty ↑ → VIX ↓

• Nifty ↓ → VIX ↑

But during major breakouts or breakdowns, both can rise together temporarily.

5️⃣ Expiry Day

🔥 VIX Behavior on Expiry

• VIX normally collapses after 1:30 PM

• Morning spike → Premium decay accelerates later

6️⃣ VIX + OI (Powerful Combo) 

7️⃣ VIX Levels to Mark on Chart

Important Zones

7️⃣ VIX Levels to Mark on Chart 

📌 When VIX crosses 15 with strength, expect Nifty range expansion within 1–2 sessions. 

8️⃣ Common Mistakes Traders Make

❌ Trading direction based on VIX
❌ Buying options when VIX already very high
❌ Selling options when VIX at historical lows
❌ Ignoring VIX divergence

9️⃣ Advanced Concept: VIX Divergence

🔍 Bearish Signal

• Nifty making higher highs

• VIX making higher lows

👉 Expect sudden drop

🔍 Bullish Signal

• Nifty making lower lows

• VIX failing to rise

👉 Downside losing strength

🔟 Simple Daily Checklist (Use This)

Before taking trade:

• Is VIX above or below 15?

• Is VIX rising or falling?

• Is price expanding or compressing?

• Is OI supporting the move?

If VIX & price agree → high-probability trade