On March 31st, 2023, NiGex (the Nifty GEX Gamma Exposure) value increased and closed at -11L, which was higher than the previous day's value. However, analyzing these derived numbers may not be useful, as 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.
Last Friday, Nifty rose by approximately 1.6%, and if it remains above 17200, it may provide an opportunity to improve its structure. Looking back at the past 200 days of NiGex, it's clear that there have been significant variations in its value. The mean value over this period was -110K, 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 underscores the importance of conducting thorough research and exercising 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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