Weekly Market Outlook: Nifty snaps 8-week losing streak, but can bulls reclaim the crucial 200-week moving average?
Executive Brief • Key Highlights
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- ✓The Nifty snapped its eight-week losing streak this week, ending with a modest gain of 98.50 points.
- ✓Despite this rebound, the index failed to reclaim the crucial 200-week moving average of 22,627.
- ✓Volatility rose as India VIX climbed 5.67% to 15.28, showing that many investors still feel uncertain about markets.
Story at a Glance
- Category
- MARKET
- Reported By
- The Economic Times
- Reading Speed
- 5 Minute(s)
- Market Focus
- India Economy
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The Indian equity markets attempted to stabilise after an extended period of weakness and ended the week on a positive note, snapping eight consecutive weeks of decline. The Nifty witnessed a technical rebound during the week, but the recovery remained tentative. The index traded in a range of 596.20 points.
Despite the positive weekly close, the Nifty failed to reclaim the crucial 200-week moving average, keeping the broader technical structure vulnerable. Volatility edged higher as India VIX rose 5.67% to 15.28, reflecting continued uncertainty among market participants. The benchmark index eventually settled with a modest weekly gain of 98.50 points (0.44%).
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The Economic Times
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