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Nifty may show higher-than-usual volatility on Budget day with historical intraday fluctuations of 2-3%. Sujit Modi of Share.Market suggests vega-based strategies like Short Iron Fly and Short Iron Condor, while HDFC Securities recommends a Long Butterfly Strategy to capitalize on expected IV changes.
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Budget Day triggers significant market volatility, with the Nifty often fluctuating within a 2-3% range. Experts suggest focusing on key technical levels, proper risk management, and suitable strategies like Short Iron Fly and Short Iron Condor. Traders are advised to monitor sectors like railways, defense, and infrastructure for profitable opportunities, while employing confirmation-based trades.
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The prime ministerial candidate responds to Donald Trump imposing 25% tariffs on Canada.
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