Week Ahead: NIFTY Stays In A Range; Moving Past This Level Important For A Directional Move

The markets traded in a range-bound manner through the week and ended with a modest loss as the Nifty struggled to build on its recent rebound. After oscillating within a band, the index traded in a 725.70-point range, marking a weekly high at 24,530.90 and a low at 23,805.20 before settling at 24,206.90. India VIX edged higher by 3.81% to 12.25, indicating a mild rise in volatility expectations despite the absence of any significant directional move. The Nifty finally closed the week with a minor loss of 63.95 points (- 0.26%).