The equity benchmark index cleared an important resistance last week and registered breakouts.

Nifty broke out of a sloping channel with a sharp bounce of over 1,088.40 points or 4.68 per cent on Friday and Monday.

Nifty has formed another lower low and closed at the previous weeks low.

For the fourth straight week, the benchmark index registered a decline.

In our earlier columns, we forecasted that the overstretched market may witness a sharper decline.

Nifty continues to scale new highs, rallying about 250 per cent from the low reached during the corona virus pandemic.

Leading benchmark index Nifty 50 scaled to a new lifetime high with a surprise move last week.

Nifty, the benchmark index, is at a new high.

As anticipated in our analysis, Nifty has demonstrated remarkable structural resilience since October 2023,

After an uninterrupted eightweek rally, the Nifty index finally faced a significant downturn,