Nifty 10520 to 10603/ Bank Nifty 25640 to 25761 – Neal Bhai Reports
Nifty And Bank Nifty Call and Tips : Nifty CMP10520 / Bank Nifty CMP 25640 Buy And Sleep – Neal Bhai Reports
The markets largely traded in a range-bound manner over the past week, with the Nifty ending the week on a flat to mildly negative note. Despite a key interest rate cut of 25 bps by the RBI in its monetary policy, the index remained muted on a weekly basis and showed no major directional bias.
The Nifty oscillated in a narrow intra-week range of 434.8 points, moving between 25,891 and 26,325.80. Meanwhile, India VIX declined sharply by 11.21% on a weekly basis to close at 10.31, reflecting a continued phase of low volatility. For the week, the Nifty ended with a negligible loss of 16.50 points or 0.06%.
The current structure of the Nifty suggests that while the headline index remains in a primary uptrend, it is facing stiff resistance at higher levels.
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I TOLD YOU BUY 100-200-500 LOTS AND SLEEP