Nifty bounced back strongly this week with a gain of +1.42 %, ending its three-week struggle. Sectoral trends were mixed - IT and Pharma rebounded after long consolidation phases, Auto remained a steady outperformer.
Nifty Services Index — bouncing off 200 DMA with a bullish engulfing candle.
RSI recovering from 36 → 47.
Key test ahead: 50 DMA resistance zone.
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