NiGEX (Nifty Gamma Exposure) 21st March 2023

On March 21st, 2023, NiGEX remained below zero, reaching a close of -36L, which was similar to the previous day's close. However, there has been an improvement in the market structure, with 17000 potentially acting as a support level. This improvement is primarily attributed to lower expected hikes.

NiGEX has experienced significant fluctuations in the past, as evidenced by its statistical measures. Looking at the last 200 days of data, the mean value was 29K and the median value was 797K. The value has fluctuated widely, with a minimum value of -116L and a maximum value of 50L.

Read more on Nifty GEX at What is GEX (Gamma Exposure)?

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