IT and Realty stocks top picks for Geojit Financial ahead of Budget 2024

Last week, we had placed two bets going into the shortened week. That upside would be limited to 23580-680 in Nifty and that there would be a mean reversion move. While the former turned to be spot on to the dot, the mean reversion expectations failed to mature fully, despite several attempts to head lower.

Reasons could be several, including the shortened nature of the week, as well as low VIX. What we are keen on pondering is how they are likely to shape the fate of the next week. VIX, which had been on a steep fall since the electoral outcome, rose in a couple of days, but the rise was too feeble to expand trading ranges.