Nifty Rebounds After Six-Week Fall, Consolidation Continues

● Nifty finally ended its six-week losing run, closing the week with a 1.10% gain despite trading in a narrow range.
● Volatility inched higher, with India VIX rising 2.68% to 12.35, reflecting a slightly elevated risk perception, though it remains comfortably low.
● On the technical front, the 24,300–24,400 zone is likely to act as immediate support, while resistance is seen at 24,700–24,800.
● Heading into nest expiry, the index is expected to remain in a neutral phase as it continues to consolidate below key resistance levels. Without a decisive breakout, aggressive buying should be avoided.
● Traders are advised to closely monitor price action around these key levels and manage risk carefully while planning trades.