Week Ahead: NIFTY Not Yet Totally Out Of The Woods; Deal With Upticks In This Manner

The markets staged a sharp rebound through the week and ended with strong gains, recovering decisively from the previous spell of weakness. Nifty traded in a wide 1,531.10-point range, oscillating between 22,542.95 and 24,074.05 before settling near the week’s high at 24,050.60. Sentiment was aided by a meaningful cooling-off in volatility as India VIX declined from 25.52 to 18.85, shedding 6.67 points or 26.14% on a weekly basis. Nifty closed the week with a robust gain of 1,337.50 points, or 5.89%.