Following a strong show in the previous week, the week gone by saw some extension of the Nifty bounce as the benchmark index ended on a positive note. For most part of the past five sessions, the index traded in a capped range with limited upsides. This was unlike the previous week, which had wide-ranging moves.
Nifty moved in a narrow 279-odd points range through the week before closing with gains. Volatility also eases. The headline index ended the week with a net gain of 239.05 points, or 1.60 per cent.
In the global landscape, few important technical developments are playing out. The US Dollar Index (DXY) has rolled over inside the improving quadrant, indicating a likely end to its relative underperformance over other asset classes. US Treasury Bonds are also showing consistent improvement in their relative momentum against other asset classes.
Vadodara
Gujarat
India
Nifty-services
Gemstone-equity-research-advisory-services
Nifty-realty
Bank-index
Nifty-energy
Small-white-body
Upper-bollinger-band
Relative-rotation-graphs