Week Ahead: NIFTY Stays Above Crucial Supports; Prolonged Complacency In The Markets Stays A Concern

The markets traded in a ranged but positive manner over the past week, ending with modest gains. Nifty oscillated in a narrow intra-week range of 317 points, between a high of 24,904.80 and a low of 24,587.70, eventually closing near the upper end at 24,894.25 with a net weekly gain of 239.55 points or 0.97%. India VIX declined sharply by 11.96% over the week to close at 10.06, approaching its lowest historical levels and raising concerns over complacency in the market.