Week Ahead: What Should You Do As Nifty Marches Higher Towards The Resistance Zone?

The week that went by was a short trading week with just three trading days. However, the Indian equities continued to surge higher, demonstrating resilience, and the week ended on a positive note. In the week before this one, the Nifty was able to defend the 100-week MA; last week, it surged higher and closed just at the 50-week MA. The trading range got narrower; the Index oscillated in a 665.35 points range. The volatility, too, cooled off; the India Vix declined by 23.08% to 15.47. While staying largely stable with strong underlying bias, the headline Index closed with a net weekly gain of 1023.10 points (+4.48%).