On March 23rd, 2023, the Nifty GEX (Gamma Exposure) showed negative trends, as it closed at -47L, a lower value than the day before yesterday's close (Update from 21st March). Additionally, the market structure has shown signs of deterioration. If the market continues to trade below 17100, it wouldn't be surprising to see it drop below to 16900 again. However, the upside potential lies at 17300, which coincidentally is also the 20-day moving average.
NiGEX has a history of significant fluctuations, as evident from its statistical measures over the last 200 days. The mean value during this period was -13K, with a median value of 743K. The value of NiGEX 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)?
No comments:
Post a Comment