What Lies Ahead for Nifty? A Look into the Week Ahead

The markets traded in a broadly consolidative manner over the past week, staying within a defined range while witnessing some volatile intraday swings. Despite a strong intraday rebound of over 200 points from the lows on Friday, the Nifty closed the week on a negative note. Throughout the week, the index oscillated in a range of 484.65 points, finding support at 25,318.45 and marking a high at 25,803.10. The volatility gauge, India VIX, inched higher by 3.33% on a weekly basis and closed at 12.56, indicating a mild rise in hedging activity and trader caution. The Nifty ultimately ended the week with a net loss of 229.80 points or -0.89%.