Charting the Week Ahead: Where Is Nifty Headed Next

The markets traded with a positive undertone through the week, rebounding smartly from lower levels. After reacting positively to the strong Bihar election outcome and hopes around a potential US-India trade agreement, Nifty posted steady gains throughout the week. The index oscillated in a range between 25,449 and 26,010, marking a trading band of 561 points. India VIX declined by 4.94% on a weekly basis to close at 11.94, indicating continued risk appetite. By the end of the week, Nifty registered a net gain of 417.75 points or 1.64%.