Nifty InstaView 14 June’21: Volatile Drama


Nifty View: Quite a volatile session for the benchmark Nifty in today’s trade as the index oscillated within a day’s range of more than 200 points. The Adani group stocks related news from media and its counter news from the company led to wild swings for its stocks today which lead to some serious damage for derivatives traders. Coming back to Nifty, the index still manages to hold itself in a UP trend but now volatility has spiked up. Not to forget the price-momentum divergence persists and upsides can be capped and may lack high momentum. Time to stay careful and cautious and better to wait out a few sessions for the index to settle down. Today’s low of 15,630 now acts as an important trigger for any serious price correction.

Thank you for following my work and please feel free to share your thoughts and suggestions.      
 
Trade Well. Trade Wise.