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Market Outlook- Weekly
2
Top Gainers:
Realty
Media
Private Banks
3
Top Losers:
Nifty Psu Banks
Nifty Energy
Nifty Auto
4
How was the market?
• Nifty continues to consolidate as it forms back to back Doji on weekly scale .
• Week gone by saw heightened volatility in market mainly due to April F&O expiry.
• Nifty gyrated in range of 7800 to 8000.
5
What to expect for the coming week
• Nifty continues to consolidate as it forms back to back Doji on weekly scale.
• Momentum indicator too have cooled off .
• A sustained breach above 8000 could reinstate momentum & push it towards 8300.
• Only a breach below ‘Run Away Gap’ would stall the ongoing bullish trend.
• Short term traders could continue their longs with stop placed at 7740.
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