Week Ahead: NIFTY Stays Positively Aligned; Interaction With This Level To Decide Future Trend

The markets traded in a range-bound yet positive manner throughout the week, with bouts of profit-taking at higher levels and buying support on declines. The Nifty oscillated in a 367.30-point range, moving between 24,000.20 and 24,367.30 before ending the week with gains. India VIX rose 7.35% to 13.15, indicating a modest pickup in implied volatility after staying subdued for the past several weeks. The headline index concluded the week with a gain of 127.40 points (+0.53%).