Nifty spent the week consolidating in a narrow range and ended on a negative note, with its broader technical structure remaining largely unchanged. The index oscillated within a 302-point range between 24,076.85 and 24,378.60, reflecting the continued absence of a clear directional trigger. Volatility eased further, with India VIX declining 4.64% to 10.68, keeping volatility expectations subdued.
Nifty eventually closed at 24,175.65, registering a mild weekly loss of 76.35 points (-0.31%). The index continues to consolidate within its established range, with the 23,900–24,000 zone remaining an important support area. On the upside, a significant cluster of moving averages continues to restrict meaningful gains.
