Expiry Day Volatility Seen as Nifty Remains Rangebound: Analysts
The Indian stock market has been experiencing a mixed bag of performances in recent times, with the Nifty 50 index struggling to break out of its tight range. On Wednesday, the index managed to snap a three-day losing streak, ending marginally higher, but the rebound did little to alter the broader technical picture. According to analysts, the Nifty remains within a tight range of 24,500 to 25,200, and they expect volatility on expiry day.
The Nifty 50 index has been trading in a narrow range for quite some time now, with investors waiting for a clear direction. The index has been oscillating between 24,500 and 25,200, with no clear breakout on either side. This lack of direction has led to a sense of uncertainty among investors, making it difficult to predict the next move.
Analysts believe that the Nifty is likely to remain rangebound in the near term, with the index struggling to break out of its current trading range. They expect volatility to increase on expiry day, which could lead to significant price movements. The expiry of derivatives contracts is typically a key event in the stock market, with investors looking to buy or sell stocks based on their expectations about the future direction of the market.
The Nifty has been rangebound since the beginning of the year, with the index struggling to break out of its trading range. The index has been trading within a narrow range of 24,500 to 25,200, with no clear direction. This lack of direction has led to a sense of uncertainty among investors, making it difficult to predict the next move.
The Nifty 50 index is a widely followed benchmark in the Indian stock market, and it has a significant impact on the overall direction of the market. The index is made up of the 50 largest and most liquid stocks in the Indian market, and it is widely used as a benchmark for investment portfolios.
The Nifty 50 index has been trading in a tight range for quite some time now, with the index struggling to break out of its trading range. The index has been oscillating between 24,500 and 25,200, with no clear breakout on either side. This lack of direction has led to a sense of uncertainty among investors, making it difficult to predict the next move.
The Nifty 50 index is a widely followed benchmark in the Indian stock market, and it has a significant impact on the overall direction of the market. The index is made up of the 50 largest and most liquid stocks in the Indian market, and it is widely used as a benchmark for investment portfolios.
In conclusion, the Nifty 50 index is expected to remain rangebound in the near term, with analysts expecting volatility to increase on expiry day. The index has been trading within a narrow range of 24,500 to 25,200, with no clear direction. This lack of direction has led to a sense of uncertainty among investors, making it difficult to predict the next move.
