The previous week was as flat as it could get; the Nifty 50 index traded in a narrower range and ended on a flat note. In the week before the previous one, the markets navigated multiple events such as Union Budget and the Fed Rate hike. However, the past five sessions were relatively calmer. The volatility continued to slide and the index traded in a much narrower range of 264.35 points as compared to 618 points in the week before this one. The directional bias remained virtually absent as the NIFTY continued to trade below crucial resistance levels. In the end, the benchmark index ended flat with a net gain of just 2.45 points (+0.01%) on a weekly basis.
