Although VIX at 14 currently doesn’t indicate the level of volatility in markets, I think it’s fair enough to say that the last 60 days in the market have been extremely eventful.
First, we’ve had a 1000+ dip in nifty in 5-6 days due to Middle Eastern conflict and after that, we’ve had an equally ferocious rally of 1400 points in nifty with some volatility before the state election results triggered the markets towards 21k within no time and to make things even more interesting, we had an extremely dovish Fed policy indicating rate cuts soon which took nifty to 21500 levels. Mid and small-cap portfolios which were already doing exceedingly well were now joined by large caps thanks to improved sentiment across the board prompting massive FII buying.
I’ve spoken to many traders and many were of the view that what we are seeing is extremely rare and definitely not something which we’ve seen over many many years.
How was your trading and investing experience in the last 2 months ? Would love to hear your thoughts on the last 2 months and outlook for the coming days.