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Nifty’s breathtaking climb and sudden dip: What’s next?
The past week saw significant volatility in the markets, marking a new lifetime high before facing corrective pressures. Despite maintaining upward momentum and surpassing the 25,000 mark, the markets ultimately succumbed to corrective pressures, closing with a net weekly loss of 117.15 points (-0.47%). Technically, the markets remain vulnerable to profit-taking from higher levels and are significantly deviated from their mean, indicating potential for a corrective move. Volatility spiked with the INDIA VIX rising by 16.92%.
