Indian benchmark indices started the session on a flat note and then moved in a choppy range, reflecting cautious sentiment in the market. The volatility came against the backdrop of monthly Sensex expiry, a factor that often adds short-term swings to trading.
From a near-term technical view, analysts are watching the 24,500 to 24,600 zone as the next key resistance area for the index. That suggests traders may continue to see range-bound action unless the market gets enough momentum to break above that band.
Market nervousness also showed up in the India VIX, which rose 1.2% to close at 12.16. A higher volatility gauge generally signals that participants are pricing in sharper moves, even if the broader indices are not yet showing a clear directional trend.
Along with technical levels, investor flows remain part of the day’s focus. With benchmark indices lacking a strong trend at the open, traders are likely to keep an eye on volatility, expiry-led moves and whether resistance levels hold or give way during the session.
