Summary :
The Index ended the week, month, and quarter with performances of -0.2%, 2%, and 2.34%, respectively. The Index started off slow for the week but picked up some volatility towards the end. Throughout the period, it has been trading within the range of 19500 to 19800, experiencing a 3.5% correction from its recent top. It is currently going through a phase of time-wise correction, hovering around the 50 daily moving average which has supported it during earlier declines. As long as it sustains above 19500, the outlook remains positive. Moving above 19800 can further validate this positive outlook. However, if it falls below 19500, it may attract further selling pressure up to 19200 level.
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