Unlike on other days why is there so much whipsaw in Nifty seen on 17th May 2019. Is it purely due to high VIX?
Every upside breakout looked like fake and was followed by a big red candle before it continued its upward journey.
Day trading looked extremely difficult. Is it purely due to high VIX?
@nithin @siva @Karthik (Appreciate if you can help please to answer)
My guess is that even though market was upbeat, FII data shows that they sold net equity Worth around 1000 crores, which is quite significant amount and enough to move the prices lower as seen in the chart represented by huge red candles.
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I am also looking for the answers