In a week that was shortened by Good Friday, the Indian equities extended their gains as they moved above crucial resistance points. The Nifty had a strong and positive previous week but it had halted its up move near important resistance levels. Over the past four sessions, the index managed to move past those levels while staying to remain in the intermediate falling channel that it is trading in. The trading range remained a bit narrower; the NIFTY moved in a 325.95 points range. While staying largely bullish, the headline index ended with a net gain of 239.40 points on a weekly note.
