New Delhi, March 29 -- The Indian equity markets remained range-bound throughout the week, ultimately closing with modest gains as they digested the sharp rebound from the previous week. The initial positive momentum was met with profit-taking in subsequent sessions, limiting further upside. By the end of the week, the benchmark indices-Nifty and Sensex-closed at 23,519.30 and 77,414.92, respectively.

Technical Outlook

Nifty continues to consolidate within a narrow range of 23,400-23,800, while staying above key support levels marked by the 100- and 200-day exponential moving averages (DEMA). A decisive breakout could open the door for a rally towards 24,100, whereas a breakdown may extend the consolidation phase, with the next major su...