Summary:

• In the week gone by, Index was up by just 0.2%. In the previous week, Index traded in the range of 18650 to 18450.
• The index traded sideways to negative bias but sailed above the short-term moving average and immediate support level.
• In the very short term, Index will be considered in a bullish zone above the 18400 level. Moving above the 18650 level will indicate further strength.
• From a sector perspective, Realty, FMCG, and consumer stocks doing well. Whereas Energy stocks lack strength.

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