Under broad market indices only Nifty 50 closed in red in the last week. Midcap index outperformed with more than 3 percent change. On the weekly chart the index has been in a consolidation mode and in the last week it has formed a doji like pattern. It suggests that the market is in an indecision mode. Directional momentum will get initiated once it gives a breakout.
Nifty Bank gave a fresh breakout from consolidation on the upside.
To know more watch the video
https://www.youtube.com/watch?v=L9-hFx1J-_o&index=9&list=PL7MtveKejYAhMn9Acv8tzPV62aau0RU77
