It was largely a troubled week for the Indian equities as the markets spent four out of five days struggling to keep their head above the crucial 200-DMA which currently stands at 17404. Had it not been for Friday which saw a sharp surge in the Indices, the week was very much on track for a negative close. Given the decline in overall volatility, the trading range of the markets remained narrow. As compared to the previous week where the NIFTY moved in the 582.55 points range, the index moved in a 389.55 points range. However, while it was able to keep its head above the important 200-DMA, the headline index ended with a net gain of 128.55 points (+0.74%) on a weekly basis.
