Dalal Street Week Ahead: Time to get cautious & defensive after Nifty’s swift runup

The markets continued their unabated upmove. Following a strongly trending week, the Nifty not only ended at a fresh lifetime high, but it also closed with gains for the sixth consecutive week.

The markets piled up

INDIA VIX remained unchanged

Decent returns despite some signs of consolidation in the second half of the week. The last two days were choppy. However, on a weekly note, volatility, as represented by INDIA VIX remained unchanged. India VIX ended just 0.71% higher at 12.47 on a weekly basis.

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