The markets in August have entered into a consolidation phase with the benchmark Nifty 50 oscillating in a range of just 2.2 per cent in August. The reading on the fear gauge India VIX index too has been low, indicating that the risk perception is low. In the past, according to an analysis by Edelweiss, the market has got "shaken out of complacency" after such months of lacklustre trading. On an average, the Nifty has swung 11 per cent after the 10 months during which its trading range has been around 3 per cent, says Edelweiss, anticipating "a big move in the market in the coming sessions".
 "Lull before the storm?")
