Week Ahead: Strong Start Likely; Sustained Close Above These Levels Needed For Extension Of Current Rebound

The markets traded with a recovery bias through the week, witnessing a rebound after early weakness and eventually closing on a positive note. Nifty oscillated in a 845-point range before settling near the higher end of this band. The sentiment improved progressively, aided by easing concerns and supportive global cues. The India VIX came off significantly by ~8.73% to 17.20. Nifty ended the week with a net gain of 302.95 points (+1.26%).