Nifty trends optimistic but expect volatility at highs, says Aamar Deo Singh of Angel One
The Nifty and Bank Nifty indexes are both in an uptrend, with the former having the upper hand. 70% of equities are trading above their 200-day moving average, while ADX indicates strength in Nifty compared to Bank Nifty. Meanwhile, benchmark indices are predicted to remain bullish though increased volatility may be seen.
