NiGex, also known as the Nifty GEX Gamma Exposure, saw an increase in value on April 3rd, 2023, closing at -2L, which was higher than the previous day's value. It's important to note that GEX should only be used as a gauge of volatility or liquidity. If GEX > 0, it's recommended to buy low and sell high, while a GEX < 0 may indicate a market trend according to price action.
In our previous update, we mentioned that a Nifty rise of 1.6% on Friday could provide an opportunity to improve its structure, provided it remained above 17200. It has done so, but the value is still slightly negative. When looking at the past 200 days of NiGex, there have been significant variations in its value. The mean value over this period was -82K, while the median value was 743K. The range of values has been substantial, with a minimum of -116L and a maximum of 50L. This data emphasizes the need for thorough research and caution before making any investment decisions related to NiGex.
For further information on Gamma Exposure and NiGex, visit the article at What is GEX (Gamma Exposure)? To know more about VIX, visit the NSE page at VIX
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