In the choppy and truncated trading week, the markets extended their gains with some spurt in the volatility as well. In three out of four trading sessions, the Nifty index moved higher. In the previous technical note, it was categorically mentioned that the Nifty has achieved a full throwback by retesting the original breakout point and such retests often turn out to be potent supports. Over the past four sessions, the Index traded in the 460.50 points range and also managed to close above one important resistance point. The headline index closed with net weekly gains of 306.45 points (+1.58%).
