The markets consolidated throughout the past week, which was a shortened one, with Monday, June 17th being a holiday on account of Bakri Eid. The past five sessions saw the markets staying in a capped range throughout the day. Even when the Nifty kept marking incremental highs, the intraday trend remained practically absent. The volatility also did not change much as compared to the last week, with the IndiaVix inching higher by just 2.79% to 13.18 on a weekly basis. The weekly trading range for the Nifty, too, remained much capped. The index oscillated in just 268.90-point range before posting a negligible weekly gain of 35.50 points (+0.15%). The coming week is an expiry week for the monthly derivative series. Besides this, over the past sessions, the market has exhibited clear signs of fatigue. It has frequently formed weak candles on the daily chart, raising the possibility of it taking…
