An evening walk down D-St: India VIX near 4-year high; monsoon to be key trigger ahead
Episode 1193, May 15, 2019, 12:24 PM
After a strong bullish candle seen on Tuesday, traders were hoping for a stable Wednesday. However, bears soon took control in the last hour of the trading session and pushed Nifty below crucial support levels.
Trade tensions, profit booking at higher levels, mixed results from India Inc., delay in monsoon as well as growing uncertainty around election outcome on May 23 are keeping traders on the edge.