Expiry Day Volatility Seen as Nifty Remains Rangebound: Analysts
The Indian stock market has been experiencing a volatile ride lately, 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. Despite the rebound, the broader technical picture remains unchanged, with the index stuck within a narrow range of 24,500 to 25,200. Analysts are warning of increased volatility on expiry day, advising investors to watch for a breakout.
The Nifty 50 index has been stuck in a tight range for quite some time now, with the index struggling to break above the 25,200 level. The index has been trading in a narrow range of 24,500 to 25,200, with the index failing to sustain momentum above this level. The index has also been experiencing high volatility, with the index witnessing significant price movements on a daily basis.
The recent rebound in the index has been attributed to a number of factors, including the Reserve Bank of India’s (RBI) decision to keep interest rates unchanged. The RBI’s decision to keep interest rates unchanged has been seen as a positive development for the market, with the index witnessing a significant rebound on the news. The index has also been supported by positive sentiment in the global markets, with the US Federal Reserve’s decision to cut interest rates also contributing to the rebound.
Despite the recent rebound, analysts are still cautioning investors to be wary of increased volatility on expiry day. Expiry day is a day when options contracts expire, and the market can witness significant volatility due to the high trading volumes. Analysts are warning that the market may witness increased volatility on expiry day, with the index potentially witnessing significant price movements.
“We expect volatility on expiry day and advise investors to watch for a breakout,” said a market analyst. “The index has been trading in a tight range for quite some time now, and we expect it to continue to do so. We advise investors to be cautious and to watch for a breakout above the 25,200 level.”
Another analyst added, “The RBI’s decision to keep interest rates unchanged has been seen as a positive development for the market, but we expect the market to continue to be volatile. We advise investors to be cautious and to watch for a breakout above the 25,200 level.”
The market has been witnessing increased volatility in recent times, with the index witnessing significant price movements on a daily basis. The index has been trading in a narrow range for quite some time now, and analysts are warning of increased volatility on expiry day.
The RBI’s decision to keep interest rates unchanged has been seen as a positive development for the market, with the index witnessing a significant rebound on the news. The index has also been supported by positive sentiment in the global markets, with the US Federal Reserve’s decision to cut interest rates also contributing to the rebound.
Despite the recent rebound, analysts are still cautioning investors to be wary of increased volatility on expiry day. Expiry day is a day when options contracts expire, and the market can witness significant volatility due to the high trading volumes. Analysts are warning that the market may witness increased volatility on expiry day, with the index potentially witnessing significant price movements.
“We expect volatility on expiry day and advise investors to watch for a breakout,” said a market analyst. “The index has been trading in a tight range for quite some time now, and we expect it to continue to do so. We advise investors to be cautious and to watch for a breakout above the 25,200 level.”
Another analyst added, “The RBI’s decision to keep interest rates unchanged has been seen as a positive development for the market, but we expect the market to continue to be volatile. We advise investors to be cautious and to watch for a breakout above the 25,200 level.”
In conclusion, the Nifty 50 index has been experiencing a volatile ride lately, with the index struggling to break out of its tight range. Analysts are warning of increased volatility on expiry day, advising investors to watch for a breakout above the 25,200 level. Despite the recent rebound, the index remains in a tight range, and investors are advised to be cautious and to watch for a breakout.
