Two weeks of decline, one week of advance, and a week of consolidation. This is what sums up the market activity over the past month. The markets consolidated over the past week and stayed largely within a defined trading range. The previous five sessions have remained choppy with the Nifty managing to cling to the short-term 20-day MA; while on the weekly charts, it continues to stay prone to consolidation. The trading range got narrower as the index oscillated in a 423-point range during the week. The headline index finally closed with a negligible weekly loss of 71.30 points (-0.33%).
