Week Ahead: Cautious Start Likely as Nifty Moves Towards This Crucial Support Zone

The markets witnessed a corrective phase over the truncated four-day trading week, largely consolidating with a negative bias and ending on a weak note. Nifty oscillated in an intra-week range of 616.85 points, moving between 25,021.55 and 24,404.70 before settling near the lower end of the range. Volatility remained largely unchanged; the India VIX rose marginally by 0.02% on a weekly basis to close at 11.75. The Nifty ended the week with a net loss of 443.25 points or (-1.78%), while August concluded with the Index down by 341.50 points or (-1.38%).