NiGex, the Nifty GEX Gamma Exposure, experienced a slight but promising increase in value on March 27th, 2023. The closing value of -59L was higher than the previous day's value, indicating an improvement in the market structure. While NiGex is known for its significant fluctuations, the recent positive trend is not unique to it alone.
In addition to NiGex, global markets, including the SPX, showed signs of recovery from previous lows due to the fall of Silicon Valley bank and Credit Suisse. This suggests that the current market trend could be advantageous for investors. However, given the unpredictable nature of the market, caution and thorough research are advised when making any investment decisions.
Compared to VIX, which tracks market expectations of near-term volatility based on Nifty 50 index options, NiGex is a more reliable gauge of market volatility. NiGex considers a broader range of market factors, including market movement and liquidity, making it a more comprehensive tool for assessing market fluctuations over time.
Investors looking to navigate the global market can take comfort in the recent positive trend in NiGex, combined with the broader market recovery. However, it's essential to conduct due diligence and research before making any investment decisions.
Analyzing the past 200 days of NiGex, the mean value was -74K, with a median value of 743K. These numbers demonstrate the significant variations in NiGex, with a minimum value of -116L and a maximum value of 50L. It highlights the importance of thorough research and caution before making investment decisions.
Read more on Nifty GEX at What is GEX (Gamma Exposure)?
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