While the Nifty closed last week with nearly 2 per cent gain, the confidence level in the market was rather weak.
After staying below its 50-day moving average (DMA) for seven trading sessions, the Nifty finally climbed above the average on Friday. This was a key move for the index.
Traders who habitually sell out-of-the-money put options to collect small premium got a reminder last week that what appears easy money in the derivatives market comes with risks that can take away
The most dumped element in a bull market is, caution.
The market is largely about sentiment, and anything can take sentiments from one end to the other in a matter of hours.
Probably, every trader likes heightened volatility. But when volatility does come, they run for cover.