The Indian equity markets commenced the week on a subdued note and remained confined within a narrow 300 point range, reflecting persistent investor tentativeness. The benchmark index oscillated around the cluster of short and medium-term EMAs before eventually slipping below these key moving averages by the weekly close. Amid continued hesitation at elevated levels, the Nifty50 index concluded the week on a negative note, declining 0.31% to settle near the 24175 zone. The cautious undertone highlighted lingering uncertainty and restrained participation across the broader market.
Daily_Technical_Report310826
Published on 31st August 2026
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