Week Ahead: Keeping Head Above This Level Crucial For Nifty To Avoid Slipping Into Prolonged Weakness

The Nifty continued its corrective spell for the sixth straight week — a losing streak not seen in over five years — as the Index drifted lower through a relatively narrow range. The week saw Nifty oscillating in a 398-point range between 24,736 on the higher side and 24,337 on the lower side, reflecting muted volatility and lack of directional conviction. India VIX edged marginally higher by 0.48% to 12.03, indicating that sentiment remains calm despite the prolonged weakness. By the week’s close, the Index ended with a net loss of 202.05 points or (-0.82%).