Can Markets Break from Consolidation ?

Markets Overview

Nifty was very flat this week, ending 0.41% down—virtually no movement at all. The week began with a gap-up on Monday but gradually gave up part of that gain, along with some of last week’s advances. The index is currently trading in a highly congested zone, and it seems like this range could hold for another week or two at most before a bigger directional move materializes, potentially as early as next week.

Latest Daily Byte

It’s the end of the week and the end of the month, and it has been a very dull week with no major moves anywhere. The market continues to wait for some trigger. Results have been all right, and a rate cut is awaited. US news is getting discounted—nobody really bothers now about what Mr. Trump is saying because nothing actually gets executed. A new term is being coined for this: the ‘TACO trade’, which stands for ‘Trump Always Chickens Out’. This label is now being given to any order he announces.

Rebalance Update for the week