After a corrective action in the previous week, the Markets continued to wear a tentative look throughout the past week as well. In the previous technical note, it was mentioned that the level of 22525 has now become an intermediate top for the markets and any runway upsides should not be expected. It was also mentioned that this corrective undertone might persist for some more time. Volatility also cooled off as India Vix declined by 10.74% to 12.22. The markets continued to stay and trade on the analysed lines while they oscillated in 470-50 points range over the past days. The headline index finally closed with a negligible gain of 73.40 points (+0.33%).
