FIIs managed to again carry short positions in the index, majorly the NIfty Futures and strikes of 16,900-17,000 seem to be loaded with huge call option sellers. We expect the VIX to touch around 24-25% vs Friday's close of around 21.25% -- this calculates to around a more 300-400 pts in Nifty on downside possibility.from Stocks-Markets-Economic Times
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