Week Ahead: Directional Move Eludes Nifty As The Index Yet To Navigate The Overhead Resistance Cluster

The markets remained largely range-bound with a negative bias through the week and ended lower. The Nifty oscillated within a relatively contained 355-point range, between 24,265.95 and 24,620.95, as attempts to extend the recent recovery met with selling pressure at higher levels. Volatility eased further, with India VIX declining 6.99% for the week to 11.31, reflecting a continued absence of significant risk aversion. The Nifty eventually settled at 24,366, registering a weekly loss of 204.65 points (-0.83%).