Expiry Day Volatility Seen as Nifty Remains Rangebound: Analysts
The Nifty 50 index managed to snap a three-day losing streak on Wednesday, ending marginally higher. While the rebound brought some relief to investors, the broader technical picture remained unchanged, with the index stuck within a tight range of 24,500 to 25,200. Analysts are now expecting volatility on expiry day and advising investors to watch for a breakout.
The Nifty 50 index, which is India’s benchmark stock market index, has been trading in a narrow range for the past few weeks. The index has been unable to break out of its consolidation phase, which has led to a lack of direction and volatility in the market. The recent rebound, which saw the index close 0.3% higher, did little to alter this picture, and analysts are expecting more of the same in the coming days.
“The Nifty is likely to remain rangebound ahead of expiry day,” said Rajesh Jain, a technical analyst at Securities Exchange Board of India (SEBI). “We are expecting volatility to pick up on expiry day, and investors should be cautious and watch for a breakout.”
The Nifty 50 index has been trading in a tight range of 24,500 to 25,200 for the past few weeks, with the index trading at around 24,900 at the time of writing. The index has been unable to break out of this range, and analysts are expecting more of the same in the coming days.
“The Nifty is likely to continue trading in a range until there is a clear breakout or breakdown,” said Jain. “Investors should be cautious and watch for any signs of a breakout or breakdown, as this could lead to a significant move in the market.”
The Nifty 50 index has been trading in a rangebound market for the past few months, with the index unable to break out of its consolidation phase. The index has been trading in a tight range of 24,500 to 25,200 for the past few weeks, and analysts are expecting more of the same in the coming days.
“The Nifty is likely to continue trading in a range until there is a clear breakout or breakdown,” said Jain. “Investors should be cautious and watch for any signs of a breakout or breakdown, as this could lead to a significant move in the market.”
The Nifty 50 index has been influenced by a number of factors in recent weeks, including global events and domestic economic data. The index has been impacted by the ongoing trade tensions between the US and China, as well as the recent economic data from India, which has been mixed.
“The Nifty is likely to be influenced by global events and domestic economic data in the coming days,” said Jain. “Investors should be cautious and watch for any signs of a breakout or breakdown, as this could lead to a significant move in the market.”
The Nifty 50 index has been trading in a rangebound market for the past few months, with the index unable to break out of its consolidation phase. The index has been trading in a tight range of 24,500 to 25,200 for the past few weeks, and analysts are expecting more of the same in the coming days.
“The Nifty is likely to continue trading in a range until there is a clear breakout or breakdown,” said Jain. “Investors should be cautious and watch for any signs of a breakout or breakdown, as this could lead to a significant move in the market.”
In conclusion, the Nifty 50 index has been trading in a rangebound market for the past few months, with the index unable to break out of its consolidation phase. The index has been trading in a tight range of 24,500 to 25,200 for the past few weeks, and analysts are expecting more of the same in the coming days. Investors should be cautious and watch for any signs of a breakout or breakdown, as this could lead to a significant move in the market.
