In our previous Weekly note, we had mentioned about NIFTY staying within a specified range and not seeing any runaway rally. In line with this analysis, the Index oscillated in a defined range and ended the Week with a modest gain of 71.45 points or 0.67% on week-on-week basis. The week that went by saw the NIFTY staying within the falling trend line which has defined a probable lower top for the Markets.
(Research Analyst, SEBI Reg. No. INH000003341)
CMT Association (Formerly known as Market Technicians Association, (MTA), USA
Canadian Society of Technical Analysts, (CSTA), CANADA
Society of Technical Analysts (STA), UK
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