Summary
• In spite of having intraday and intraweek volatility, Index closed on a positive note by around 0.5%
• On the weekly chart, the index has formed a Doji candle which represents indecisiveness
• For the past 4 weeks, Index is oscillating in e range of 18200 to 17800
• The underlying tone of the market is sideways to negative
• From a sector perspective, Auto and metal started to do well while FMCG and pharma continued to underperform
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