It is exactly a month when the NIFTY staged a major breakout by crossing above the previous high point of 18887; this time, it was the fourth week in a row when the markets extended their gains. This has also led to the markets closing at their fresh record lifetime highs as well. While some signs of mild consolidation appear on the shorter timeframe charts, the NIFTY stays in a firm uptrend post the breakout on the weekly charts. The trading range expanded; the NIFTY oscillated in a 428-point range over the past five days. The headline index finally closed with a net gain of 180.50 points (+0.92%) on a weekly basis.
