Week Ahead: NIFTY Stalls Near Highs, Awaits Breakout Confirmation

The markets traded in a largely rangebound manner through the previous week and ended on a mildly negative note. After testing a high of 26097.85, the Nifty failed to hold on to its gains and pared back, ending slightly lower on a weekly basis. The Index oscillated in a narrow 386.65-point range over the week. India VIX edged higher by 4.85% to 12.15, indicating a slight rise in risk perception. While the Index lost 73.05 points (-0.28%) on a weekly basis, Nifty ended the month of October with a strong gain of 1111 points or 4.51%.