IEX said the Day-Ahead Market (DAM) volume stood at 4,798 MU in December compared with 5,001 MU in December 2022. The DAM segment registered total volumes of 14,684 MU in the December quarter, up 1.5 per cent YoY.
Indian Energy Exchange’s daily trend is bullish to sideways. The RSI for monthly and weekly is showing sideways momentum, however, the RSI for daily is showing bullish momentum. Based on option chain analysis, the range is between 140 and 150. Let’s plan a trade around this.
The stock has risen by over 10% in a month and over 3% in a week. It has been trending higher for the past 4 weeks, which helped it reclaim 50 and 200-week moving averages in the last week of November.
IEX said higher liquidity is expected to result in more competitive prices on the exchanges, giving further optimisation opportunities to Discoms and Open Access consumers.
IEX outlook: The implementation of market coupling and its resultant impact on market share and high power price-driven shift in power volumes away from spot market to longer duration instruments will be keenly watched