The past five sessions of the week saw the Indian equities trading in a defined and narrower range. The first four sessions were seen leading the markets to a weekly loss but the strong trending session on Friday saw Nifty recouping its losses. As compared to the previous week, the index oscillated in a narrower 234.90 points range. The price action over the past five sessions has led to the formation of a bar with a similar bottom and lower high for the index. Following a strong rebound in the previous session, the headline index closed with a net gain of 169.50 points (+0.88%) on a weekly basis.
