Even though the volatility gauge India VIX has slightly recovered from its previous session lows, analysts suggest investors to wait to see if the index stay near low levels before placing aggressive bets.
Going by expectations of high volatility, analysts suggest investors to use any rise as an opportunity to go short and refrain from turning aggressive with their bets.
India s economic growth (nominal growth that exceeded 12 percent in 2023, and which could come in at the same level or even higher in 2024) and improvement in currency stability relative to China are the factors in India s favour
Though come volatility is expected in the second half of trade due to the expiry of the December F&O series, analysts expect the strong upward momentum to continue in the coming session. Likewise, they expect the Nifty 50 to hit the 22,000-mark in the near-term.
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