Nifty: Dalal Street Week Ahead: Nifty violating an important trendline is not a good sign
In a week where the trading range stayed narrower than the previous week, Indian equities saw a corrective decline. This was also a truncated week with just four trading sessions, and saw the headline index oscillate in a 375-point range. While the trading range remained narrow, intraday volatility and ranged oscillations remained high. Nifty remained in the falling channel that it has formed, but refused to take any directional cue through the week. In a volatile trading week, the benchmark index finally ended with a net loss of 276 points, or 1.89 per cent, on a weekly basis. Despite having...