Much on the expected lines and after five weeks of a significant pullback, the Markets chose to take a breather in the week that went by. The benchmark NIFTY50 stalled its up move, moved in a range and ended the week with a net loss of 74.05 points or 0.69%. The level of 10790 was mentioned in our previous weekly note as a potential resistance levels and the previous week’s high stood at 10784 with the NIFTY resisting precisely in the mentioned zone.
(Research Analyst, SEBI Reg. No. INH000003341)
CMT Association (Formerly known as Market Technicians Association, (MTA), USA
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