Major Indian equity indices continue to make new lifetime highs in the first week of April. The India Volatility Index (VIX) remains near 2014 lows and accumulation in the Nifty 9,000 and 9,100 puts has led to an upward shift in the support base for the index. But will the Nifty 50 index continue its upward momentum in the coming week or will there be consolidation?
On BloombergQuint's Surf's Up, which tracks weekly trends in equity derivatives, Hemant Nahata of IIFL Wealth and Asset Management says indices may remain rangebound in the near term but will eventually continue their uptrend. For more on what levels to bear in mind and stocks to watch, listen in.
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