Dalal Street Week Ahead: Nifty tests key support levels as volatility rises
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The markets saw a decisive breakdown from the 500-point trading range (26,200- 25,700) after a period of consolidation, ending the week on a negative note. Throughout the week, Nifty traded with a clear downward bias, oscillating within a range of 750 points between 26,373 and 25,623. It was the only major global equity index to end in the red, weighed down by rising uncertainty around US trade tariffs and a deferred Supreme Court decision, now expected on January 14. India VIX spiked 16.51% for the week to 10.93, reflecting heightened caution. As a result, Nifty ended the week with a loss of 645.25 points or -2.45%. The current technical structure signals a potential pause in the prevailing uptrend as the index has closed below the lower edge of the 500-point trading range. The close below the 20-week moving average (25,579) would end up in some incremental weakness. Markets remain vulnerable to further pressure, especially amid a combin...