The markets traded in a much wider range in the past trading week. Over the past few days, we had seen the markets and the VIX inching higher, i.e., moving in the same direction. In the previous technical note, we had expressly mentioned this concern as instances of VIX and the Index rising higher simultaneously often end up showing a warning sign of an impending corrective move. The last trading day of the week saw the Index swinging wildly. During the week, the Nifty oscillated in a 446.65 range before closing the week on a flat note. The benchmark Index posted minor weekly gains of 55.90 points (+0.25%) There is something more that needs to be noted from a technical perspective. While the Nifty has stayed flat, the volatility has shown a huge spike. This is evident from the India Vix spiking by a massive 33.80% to 14.62. This continues…
