NIFTY Index Chart Analysis
Range-Bound Action Likely With Stock-Specific Movement!
The domestic markets experienced volatile moves, whereas the global markets declined sharply on the downside. The Nifty traded in a 611 points range and finally closed flat last week. But it declined 238 points from the week's high. It opened with a gap down and made a lower low. The Index has faced resistance at the sloping trendline drawn from October 2021 high.