Week Ahead: NIFTY May Continue Staying Volatile; Focus On These Levels

The previous weekly note categorically mentioned that while the markets may continue to decline, the Indian equities are set to outperform its global peers relatively. In line with this analysis, the market saw wide swings owing to prevailing global uncertainties but continued showing remarkable resilience against other global indices. The volatility spiked; the India VIX surged sharply by 46.18% to 20.11 on a weekly basis. The markets witnessed significant volatility, and as a result, the Nifty oscillated in a wide 1180.25 range during the past week. Despite this, the headline index Nifty 50 closed with a negligible loss of just 75.90 points (-0.33%).