Nifty Outlook: Range-Bound Week Ahead?

📈 Nifty wrapped up the week on a positive note, climbing about 1% and keeping the bullish sentiment alive.
🔍 However, the daily chart reveals some hesitation, as the index struggles to stay above the 24,400 mark.
📊 Looking ahead, Nifty is likely to move sideways between 24,500 and 24,000, with heavy call writing at the top and put writing at the bottom, creating a tight trading range.
⚠️ Adding to the caution, the India VIX closed above 18, hinting at increased market Volatility.
💡 Bottom line: Traders should gear up for a volatile and range-bound week ahead. Stay sharp, stay strategic!