It was a volatile but largely quiet week for the markets. Over the past five sessions, the markets were able to defend their opening lows and were trading flat until the last trading day of the week. The negative closing of the last trading day saw the markets ending in the negative on a weekly note. The trading range was narrower; the NIFTY moved 378.90 points through the week. The index did end up slightly violating important support; however, it tested another important pattern support as well. The headline index NIFTY50 ended with a net loss of 155 points (-0.91%) on a weekly basis.
