The week that went by saw the benchmark NIFTY ended the with flat once again for the second time as the Index closed flat with minor gains of 38.75 points or 0.37%. If we analyze the past month (i.e. 4 weeks), the first two weeks ended with net loss of 3% each week and the previous two weeks have ended flat with NIFTY gaining 0.03% and 0.37%. Going by this data, we can fairly assume that the benchmark has struggled but fiercely attempted to find base in the support area of 10276-10370 zones.
(Research Analyst, SEBI Reg. No. INH000003341)
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