Nifty Stuck in Range as Volatility Rises Ahead of Monthly Expiry

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Indian equities moved in a tight range last week and closed marginally higher, reflecting a clear wait-and-watch mood among investors.

After a sharp 1%+ decline in the previous session, broader indices bounced back strongly on Friday, February 20, lifting short-term sentiment.

Meanwhile, India VIX jumped 8.05% to 14.36, signalling rising volatility and the possibility of sharper moves ahead.

◉ Technical Setup
Nifty closed at 25,570, holding firmly above the key 25,500 support — keeping the overall bias slightly positive.

That said, the index remains trapped in a 25,000–26,000 consolidation zone. Unless this range breaks decisively, expect choppy, directionless moves rather than a strong trend.

◉ Key Triggers This Week

1. US Tariff Verdict
The US Supreme Court’s ruling on Trump-era tariffs could trigger a gap-up start. But follow-through buying will decide whether gains sustain.

2. India GDP Data
Upcoming GDP numbers will be closely tracked for clues on economic momentum and sector rotation.

◉ Trading View
This is not a market for aggressive bets.
Stick to selective, stock-specific trades.
Manage risk tightly.
Expect sharp swings due to high volatility and expiry week.

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