The index is expected to revolve in the range of 22,350-22,550 for the near-term period, while any breach above 22,550 will trigger short covering towards 22,700 plus levels in the coming truncated week
The Nifty IT index is grappling to overcome the selling pressure emerging around the 36,000 mark. This hurdle must be surpassed to enter the next leg of upside, as per experts.
The India VIX, representing the volatility index, concluded the month of November at 12.69, marking an 8.18 percent monthly gain. With the approaching elections and bullish signals suggesting a market recovery, there is an anticipation of a further surge in volatility.