The Nifty future closed negative with losses of 0.26% at 21830 levels on Monday. India VIX was up by 1.24% from 14.50 to 14.68 levels. Volatility was slightly down and has been cooling off in the last three sessions.
Federal Bank, AU Small Finance Bank, and Kotal Bank closed with losses of over 2% each, while some buying was seen in HDFC Bank. The Nifty Bank witnessed sustained selling pressure throughout the trading session, which resulted in the formation of a bearish Marubozu candle on the daily charts.
The Nifty future closed negative with losses of 0.37% at 21861 levels on Friday. India VIX was down by 4.21% from 15.14 to 14.50 levels. Volatility cooled off after steaming to higher zones and respected the bulls at higher zones.
Positive setup was seen in stocks like Aarti Ind, Hindalco, Bajaj Auto, UltraTech Cements, Grasim, Bank of Baroda, Voltas, Tata Consumer, Bharti Airtel, Eicher Motor, Tata Steel, Apollo Hospital, SBI, HDFC Bank and Trent.
Nifty future closed positive with gains of 0.45% at 21499 levels on Tuesday. India VIX was up by 7.08% from 13.70 to 14.68 levels. Volatility spiked to higher zones and created some swings in the market.