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F&O: Nifty50 breaches key support, VIX spikes 16% to signal sharp volatility ahead

F&O: Nifty50 breaches key support, VIX spikes 16% to signal sharp volatility ahead

Monday, January 6, 2020, 8:38 PM

Nifty50 started the week on a negative note on Monday amid rising tension in West Asia. The benchmark equity indices started correcting from initial trades and continued to make lower lows as the day progressed. As a result, Nifty breached its crucial support at the 12,000 mark and formed a big negative candle on the daily chart.
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