Volatility index kya batata hai, wo price se ulta kyun chalta hai, aur uski seema
Published by The Retail Trader · AUG 09, 2026 · Features
Har girawat ke din ek number achanak headlines mein aa jaata hai: VIX. Use 'fear index' bhi kehte hain, aur wo naam kaafi hadd tak sahi hai — par uska matlab utna seedha nahi jitna log samajhte hain.
VIX index options ke premiums se nikala jaata hai. Wo batata hai ki agle kuch samay mein market kitni halchal ki umeed kar raha hai — percentage mein, annualised.
Isliye VIX koi direction nahi batata. Wo sirf ye batata hai ki log kitne bade move ka bhaav laga rahe hain, chahe wo upar ho ya neeche.
Aam taur par market girne par VIX chadhta hai aur market shaanti se chadhne par VIX girta hai. Wajah ye hai ki girawat mein log protection kharidte hain, jisse option premiums badh jaate hain.
Isi wajah se bahut ooncha VIX aksar panic ke aakhri hisse mein dikhta hai, aur bahut neecha VIX aksar us daur mein jab kisi ko kuch bura hone ki umeed hi nahi hoti.
Iska sabse imandaar upyog:
• Option ki keemat samajhne ke liye — ooncha VIX matlab premium mehnga, chahe strike wahi ho.
• Position size ke liye — jab VIX ooncha ho to normal stop bhi jaldi lag jaata hai, isliye size chhoti rakhni padti hai.
• Sentiment ke context ke liye — bahut neecha VIX complacency batata hai, par wo mahino tak neecha reh sakta hai.
• Timing ke liye nahi — VIX se top aur bottom nahi milta, aur uspar seedha trade lena ek alag aur kaafi mushkil khel hai.
'VIX ooncha hai, matlab market girega' — ye galat hai. Ooncha VIX ye batata hai ki market pehle hi gir chuka hai ya bade move ka dar hai. Wo ek result hai, wajah nahi.
Ulta bhi utna hi galat hai: 'VIX neecha hai, sab safe hai'. Sabse bade crashes se pehle VIX aksar neecha hi hota hai — kyunki agar sabko pata hota, to wo crash nahi hota.
VIX ko roz dekhne ki zaroorat nahi hai. Par jab wo apne normal range se saaf bahar nikal jaaye, to wo ek reminder hai ki poore market ka risk character badal gaya hai — aur us haalat mein aapki position size purane hisaab par nahi honi chahiye.
Ye article sirf educational hai — koi buy ya sell recommendation nahi, koi guaranteed return ka daawa nahi, aur koi advisory nahi. Rules, rates aur mechanics exchange, SEBI aur RBI time-time par badalte hain, isliye har number apne broker ya official source par khud verify karo.