NIFTY lack of directional consensus and indecisiveness among market participants. One concerning thing surfacing over the past couple of days was that volatility has come down significantly after a 27% spike seen a few days back.
In the previous session also, volatility index India VIX had come off 3.19 percent to 39.9300. The persistent lower levels of volatility are paving the way for a fresh decline in the market in the coming days. Also, this will keep upsides, if any, limited to a certain extent.
Friday's session is likely to see a stable start with the 9,245 and 9,315 levels acting as key resistance for Nifty, while supports will come in at 9,105 and 9,050 levels.