In what can be called a fairly buoyant week of trade, NIFTY went on to move towards its previous high point and closed at its lifetime high. The financials, though, represented by Banknifty (Nifty Bank) relatively underperformed as the Banknifty Index closed on a flat note. The trading range for the markets remained decent; NIFTY oscillated in a 304.95-point range during the last five sessions. The coming week will be crucial as we may see the NIFTY testing the previous high point of 18887; at the same time, it would be crucial to see if we can achieve a long-awaited breakout. The NIFTY has ended the week with a net gain of 262.60 points (+1.41%) on a weekly basis.
