ADVERTISEMENT
9,200 On Nifty May Act As A Ceiling For This Expiry, Says Manoj Vayalar
Likely to see 9,000 act as a good support in the near term, says Manoj Vayalar.
24 Mar 2017, 02:30 PM IST 
The National Stock Exchange (NSE) logo is displayed on a door in the bourse building in Mumbai, India (Photographer: Dhiraj Singh/Bloomberg)
The Nifty 50 index has retreated from recent lifetime highs. The India Volatility Index (VIX) has advanced despite trading near 2014 lows. Options data indicates resistance building in the 9,200 Call based on accumulation in open interest. As traders move into expiry week, will the market consolidate or head for a big move in either direction?
On BloombergQuint’s Surf’s Up, which tracks weekly trends in equity derivatives, Manoj Vayalar of Religare Securities says the bias for Indian equity benchmarks remains positive but there could be some consolidation. For more on what levels to bear in mind, listen in.
