This was the second week in a row when the markets delayed their breakout and continued to flirt with the key levels. This time, the markets continued to stay largely in a defined range while continuing to resist the key levels. The NIFTY50 index stayed above the crucial supports; at the same time, it also failed to break above the important resistance zone. The trading range also remained narrow; the index oscillated in a 246.30 points range before closing on a flat note. While staying completely devoid of any directional bias, the headline index closed with a marginal gain of 29.30 points (+0.16%) on a weekly basis.
