Weekly Market Wrap for 31st October-4th November, 2016

by Tufan Nag on Market Analysis, Market Wrap

The broader index Nifty 50 was down by about 50 points on the last trading session of the last week. On the weekly chart of Nifty 50 the latest candle is taking support around 8400. Hence, if it breaches this level then it has a possibility to come toward 8320. On the upside, sustained breach above 8545 would initiate positive directional momentum.
Nifty Pharma was the worst performer under weekly change in sectoral indices.


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