New Delhi, Jan. 26 -- The benchmark Nifty could see wild price swings when stock markets reopen on Tuesday, coinciding with the weekly expiry of index options. This comes amid divergent views on market direction in a truncated week-shortened by the Republic Day holiday on Monday-leading up to the Union budget on 1 February.

While some analysts expect the downtrend from earlier this month to continue, with the Nifty breaking below its crucial 200-day moving average amid persistent foreign portfolio investor selling and a falling rupee, others believe the benchmark is close to bottoming out and could stage a bounce.

A potential rollback of punitive US tariffs on Indian imports and the Reserve Bank of India's Rs.2 trillion-plus liquidity m...