It was a truncated day for the markets; over the past four trading sessions, the Indian equities continued to edge higher and ended on a fresh lifetime high. The volatility too remained at elevated levels. As mentioned in the previous technical note, the markets are building up ahead of the General Election results on June 4th; this is one of the major external events that affect the markets. Over the past four sessions, the Nifty maintained a buoyant trajectory; it oscillated in a 621.85-point range. Volatility also continued spiking higher; India VIX surged by another 9.66% to 21.71. Following a strongly trending week, the headline index closed with a net weekly gain of 491 points (+2.19%).
