It was the sixth week in a row that saw the Nifty 50 index ending with gains. Over the past days, the markets largely experienced trending days as they continued inching higher despite the intraday moves staying ranged. The Nifty also continued forming its new lifetime highs; the current week has seen the index closing at a fresh lifetime high once again. Over the past five sessions, the Nifty oscillated in a 450-point range. Volatility also modestly expanded; India Vix rose by 8.11% to 13.73 over the previous week. The benchmark Index also closed with a net gain of 178.30 points on a weekly note. The coming week is truncated, with Wednesday being a trading holiday because of Moharram. The markets are in a firm uptrend; the options data suggests the potential resistance points shifting higher towards 24700-24800 levels. The level of 24500 will also be a crucial level to…
