F&O Talk| Bull run expected to continue in Nifty, dips may present opportunities for fresh buying: Chandan Taparia of Motilal Oswal
VIX has now cooled off and the investors have readjusted to all the sentiments that were out during the last two weeks.
The 50 component index Nifty50, ended the week by closing near its upward-moving channel. The index closed at 23,465, after making a new all-time high on Friday. On the other hand, Bank Nifty is still somewhere in the middle of its upward channel, giving a close at 50,002.
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Offering CollegeCourseWebsiteIIM LucknowChief Executive Officer ProgrammeVisitIndian School of BusinessISB Chief Technology OfficerVisitIndian School of BusinessISB Chief Digital OfficerVisitAs the indices inch towards newer highs, ET Markets interacted with analyst Chandan Taparia, Senior VP, Equity Derivatives & Technicals, Broking & Distribution at Motilal Oswal, regarding his views on Nifty and Bank Nifty along with an index strategy for the upcoming week. Following are the edited excerpts from his chat:
The markets have been heading upwards swiftly, recovering the dips of the election outcome day. Do you expect a steady and gradual up move in the indices now in the near future? Or is it likely to proceed with its existing swiftness?
The Nifty Index has moved by 4,650 points in the last nine months (recovered by 2,200 points in the June month itself) and any hiccups have been absorbed by the retail infusion despite continuous selling by the FIIs. It has been trading in an upward sloping channel and expected to continue this bull run. India VIX has significantly cooled
