Week Ahead: NIFTY Will Have A Lot Of Reactions To Oer; Stares At Important Supports

The Nifty traded in a largely range-bound manner through the week, oscillating within a well-defined band and ending the week on a negative note. After a strong opening, the index saw selling pressure at higher levels, remaining under check within a narrow range of 25246–24806 spanning 440 points before settling slightly lower. Meanwhile, the India VIX declined modestly by 1.03% on a weekly basis, closing at 11.27. For the week, Nifty ended with a minor loss of 131.40 points, or (-0.53%.)