Dalal Street Week Ahead
Nifty to remain range-bound; adopt a stock-specific approach
Although the market ended flat on a weekly basis, the past four sessions remained quite volatile.
First, Nifty has not been able to move above the falling trend line pattern resistance that begins from the lifetime high point of 18,600 and joins the subsequent lower tops.
The supports come in at 17,380 and 17,200 levels.
No major formations are seen on the candles.
The key to navigating such markets would be to find those stocks that have a stronger or at least an improving relative strength against the broader markets.
Nifty Services sector index remains inside the improving quadrant.
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