Over the past couple of weeks, it is being categorically mentioned that so long as the NIFTY stays below the 18300 levels, it is likely to continue to consolidate in the present range. The index has created a very well-defined trading range for itself at the moment and continues to stay within the defined boundaries. Markets witnessed mixed trends throughout the previous week. It stayed quite ranged and the trading range too remained narrow as the NIFTY oscillated in a 330-point range in the past five sessions. Whiles not showing any directional bias, the headline index closed with a modest gain of 71.05 points (+0.40%) on a weekly basis.
