On April 5th, the Nifty GEX Gamma Exposure saw a decrease in value, closing at -6L. This value is in contrast to the value observed on April 3rd, where NiGex closed at -2L. It is important to note that NiGex should only be used as a gauge of volatility or liquidity, and its value alone should not be the sole factor in any investment decision.
Despite the decrease in NiGex value, the Nifty rose by 0.8% on April 5th, indicating a positive market trend. However, it is pretty straight forward to explain it but would keep reason for this anomaly: It is crucial to consider various factors, including market trends, economic indicators, and financial news, before making any investment decisions.
As we mentioned in our earlier post, NiGex has seen significant variations in its value over the past 200 days, with a mean value of -58K and a median value of 743K. The range of values has been substantial, with a minimum of -116L and a maximum of 50L. These variations highlight the importance of conducting thorough research and exercising caution before investing in 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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