Summary:
Last week, the Index experienced a 1% decrease. Over the past four weeks, it has been trading in the range of 19850 to 19350. The Index has now formed a micro range between 19670 to 19500, and it is currently at a support level; however, there is no buying pressure seen yet. If the Index moves below 19500, there may be a short-term negative development, which could drag the Index down to the range of 19300 to 19200. For a fresh upside movement, the Index must surpass the 19670 level. In terms of sectoral performance, only the auto sector ended on a positive note this week, while small and micro-cap stocks continued to perform well.
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