Quote on Market continue to be volatile By Mr. Yash Gupta, Angel One Ltd
Below is quote on Market continue to be volatile By Mr. Yash Gupta, Equity Research Analyst, Angel One Ltd
The market continues its volatility this week also on the back of global market clues and updates on new covid virus variant i.e Omicron. Nifty up by 70 points (0.46%), today nifty made a high of 17323 and then corrected to 16989 levels. India VIX also trading on the higher side of the last 6 months average, trading at 20.5. We expect volatility to continue this week in the market and we suggest traders keep stop loss and long investors to buy in small quantities and distribute their buying in 3-4 tranches. WHO has also listed the Omicron virus in the list of “Virus of concern” as initial data suggests that it is more transmutable, WHO says it will take a couple of weeks to know more details of the Omicron virus.
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