After back-to-back correction, the setup for Nifty has turned relatively cautious, with the index slipping below its 20DMA for the first time in the past few sessions. The 50-stock index is now trading below the key support level of 25,500, suggesting a weak near-term bias.
Dalal Street Week Ahead: Protect gains, avoid fresh longs until key levels hold
Indian markets experienced a negative week, with Nifty closing lower after failing to sustain early gains. Volatility increased as the index tested crucial support levels.