Week Ahead: Nifty Violates Key Support; Still Stays Prone To An Imminent Rebound

The markets remained under sustained pressure through the truncated week and ended on a distinctly negative note. The Nifty traded in a wide 862.95-point range before some recovery emerged from the lows. Volatility expanded sharply alongside the decline, with India VIX rising 18.91% for the week to 14.46. The Nifty eventually settled, registering a weekly loss of 718.55 points (-3.11%).