The equity markets consolidated throughout the week. While staying in a narrow range and trading sideways for almost all days of the week, the Indices stayed devoid of any directional trend. Following strong weekly gains of over 1.58% in the week before this one, the NIFTY chose to remain in a defined range; the trading range got narrower and the Nifty oscillated in the 204.65 points range while defending the most immediate support of the 20-week MA. The benchmark index closed with net weekly gains of just 62.90 points (+0.32%).
