Stock market weekly tips and reports

Hello,

MARKET ROUND UP

Markets remain in a downtrend
Markets witnessed a smart rally this week after displaying weakness last week. The Nifty found support at the 5232 levels before rising sharply. While the Sensex gained 4.44% W-o-W, the Nifty was up by 4.43% over the same period. Reflecting the positive sentiments, market breadth was positive in three out of the four trading sessions of the week. 

OUTLOOK FOR THE WEEK AHEAD

With the Nifty unable to convincingly cross the previous highs of 5600, the intermediate trend remains down. Markets could enter a range in the coming week and possibly trade between the 5200-5600 levels. Immediate downside supports are at 5470-5425.

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Warm Regards,
Stock Market News Team

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