After taking a short breather last week, the markets resumed their up-move and went on post a decent gain over the past five sessions. In the previous technical notes, concerns have been raised about the persistently declining value of VIX and the consequent vulnerability that it lends to the markets. This week as well, we saw the VIX testing its pre-pandemic 2020 lows by slipping below 11. The trading range of the NIFTY got a bit wider on the anticipated lines; it oscillated in the 476.65 points range. The NIFTY gained all five days; the benchmark index went on to post a decent gain of 440.95 points (+2.50) on a weekly basis. The month ended as well; NIFTY posted monthly gains of 705.25 points (+4.06%).
