While extending their move, Indian equities advanced higher and closed with yet another weekly gain. Four out of five days over the past week saw the markets ending with gains. In the previous technical note, it was mentioned that the undercurrents in the market remain strong and NIFTY can retest the previous high levels. While trading on these expected lines, the headline index went on to post an incremental lifetime high as well. The trading range remained modest; the NIFTY moved in a 357-point over the past week. This month has been quite strong for the markets; the index has gained 938.55 points or 4.87% in this month; however, on a weekly basis, the benchmark index has closed posting a net gain of 372.40 points (+1.88%).
