New Delhi, Jan. 30 -- As the Union Budget 2025 approaches, volatility remains a key concern. According to Motilal Oswal Financial Services (MOSL), the index has been forming lower highs and lower lows on monthly and weekly charts, witnessing a sharp correction of around 3,500 points from 26,277 to 22,786 over the last four months.

MOSL noted that India VIX, a measure of market volatility, has surged from 13 to 19 levels in the past five weeks, contributing to erratic swings with a negative bias. This rise in volatility follows a strong rally of 9,450 points in Nifty from 16,828 in March 2023 to its peak at 26,277 in September 2024. The 38.2 per cent retracement of this entire rally stands at 22,666, which MOSL considers a critical suppor...