Nifty 50 experienced selling pressure at higher levels and some buying at demand zones, as a result, Nifty futures closed at 16601 with a gain of 1.62%.
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Nifty 50|Nifty weekly update
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Nifty 50|Nifty weekly update
The weekly closure above 16450 is an indication of the bulls are in control of the index.
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Nifty 50|Nifty weekly update
In the initial part of the week the index may fall till 16420-460 wherein the bulls may again re-enter and push the index towards the 16900-700.