RRG charts signal fresh sector leadership as infra, PSU banks and metals take charge
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The markets traded with a positive bias through the week, maintaining an upward trajectory and closing with net weekly gains. The Nifty moved within a narrow intra-week range of 390.45 points, oscillating between a low of 25,856.20 and a high of 26,246.65. Volatility spiked sharply, with India VIX rising 14.18% on a weekly basis to 13.63, indicating increased hedging activity. The Nifty ended the week higher by 158.10 points, or 0.61%. ETMarkets.com The index now sits at a crucial inflection zone. While it trades just below its all-time high of 26,277, immediate overhead resistance remains at the 26,100 level. A decisive close above this zone could pave the way for a swift retest of 26,277 and potentially an extension towards 26,500. Structurally, the broader trend stays firmly positive, supported by higher lows and sustained momentum. Strong put writing at the 25,900–26,000 strikes further reinforces the bullish setup, suggesting partici...