Week Ahead: Short Week, Critical Levels: Nifty Braces for a Decisive Move

The markets remained under sustained pressure through the week and ended negative, extending their decline for the seventh consecutive week. The Nifty attempted intermittent rebounds, but these failed to develop into a meaningful recovery as selling pressure persisted at higher levels. The index traded in a 468.05-point range before ending at 23,140.50. Volatility rose noticeably, with India VIX gaining 11.41% over the week to 12.69. The Nifty eventually closed with a weekly loss of 205.90 points, or (-0.88%).