Major Indian equity indices may have hit new lifetime highs this week but trade continues to remain largely quiet with the Nifty 50 index falling back into a range. Options reflects a 200-point range based on maximum open interest between 9,500 and 9,700. With the India VIX trading continuing to trade near record lows, are indices expected to consolidate further?
On BloombergQuint's Surf's Up, which tracks weekly trends in equity derivatives, Ashish Chaturmohta of Sanctum Wealth Management says he expects the Nifty to edge higher from current levels and likes public sector banks. For more on what levels to bear in mind and stocks to watch, listen in.
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