Link to last week post on index analysis - Link
Nifty Daily -
Nifty last week was also trading inside a range and was not able to give follow-up on any side.
Boundaries are marked on daily chart as a reference for breakout on either side with a broad range at 15045-14416
Nifty Short timeframe references marked on the chart. Two gap fill references on upside and downside and pullback high and pullback low. Break of pullback high likley lead to breakout on upside and Break of pullback low likely lead to breakout on downside.
No real trend last week in markets, neutral kind of weak.
Relative performance of Major sector index during last week, Leading sector was Nifty metal
Disclaimer & kindly do your own research before taking any position in any security. I do not have any open positions in Index.