Stock market today: Nifty 50 trading pattern to India VIX, five stocks to buy or sell on Wednesday, May 29 exbulletin.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from exbulletin.com Daily Mail and Mail on Sunday newspapers.
Indian market likely to trade lower on Wednesday with Nifty future closing negative at 22,925 levels. India VIX up by 4.36%. Options data suggests broader trading range between 22,500 to 23,300 zones.
The overall market sentiment remains bullish on Thursday, and considering the current levels, traders are advised to initiate fresh long positions, Kunal Shah, LKP Securities said. A stop-loss can be set at 20,800, targeting potential upside levels of 21,400/21,500 in the near term, he adds.
India VIX was up by 2.95% from 11.50 to 11.78 levels in the previous trading session. Volatility was slightly on the rise and made the market move in a choppy manner with the absence of strength to the bulls.
On the weekly options front, the maximum Call OI is placed at 19400 and then towards 19500 strikes while the maximum Put OI is placed at 19300 and then towards 19200 strikes.