Nifty Index at a Crucial Level

The Indian indices ended the week on a positive note for the fourth consecutive week. The Nifty 50 Index opened the weekly session gap down but recovered smartly to end Monday's session in the green. The positive momentum continued until mid-week where the index witnessed some profit booking to break its 9-day winning streak. The index resumed its up move towards the end of the week. It finally ended the weekly session 0.80% up.

Last week, we mentioned that the 10,540 is the crucial resistance level for the index. The same level has led to selling pressure in the past. The index is currently trading slightly above this level. So it will be interesting to see if the index can sustain above this level or will the bears step-in to spoil the bulls party.

To know more about what's happening in the global and Indian stock markets, you can read the detailed market update here...

Nifty Index Ends the Week 0.80% Up
Nifty Index Ends the Week 0.80% Up

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