Week Ahead: NIFTY Stays On The Edge; This Zone Emerges As An Important Support Area

The markets traded with a distinctly weak bias through the week, witnessing a steady decline after an initial attempt to stabilize, and eventually ended marginally in the red. The Nifty oscillated in a defined range of 931 points before settling near the lower end of the range. Volatility remained firm; the India VIX edged higher by 0.74% to 22.81, reflecting rising nervousness in the market. The benchmark index closed the week with a modest loss of 36.60 points (-0.16%).