Week Ahead: NIFTY Snaps 6-week Losing Streak; Trend Intact So Long As This Level Stays Protected

The markets showed a firm undertone in the truncated trading week as they ended on a positive note after snapping a six-week losing streak. Nifty remained within a relatively narrow range, oscillating between 24,347 and 24,702, showing a weekly trading range of just 355 points. Despite a shortened week due to the Independence Day holiday on Friday, the Index posted a gain of 268 points or 1.10%. India VIX, which gauges volatility, rose modestly by 2.68% to 12.35, indicating a slightly heightened risk perception but still remaining comfortably low.