New Delhi, Nov. 3 -- The Indian stock market concluded last week on a sombre note, staying in a range of 26,100-25,700, reflecting indecision among market participants after recent volatility.

Market benchmark Nifty 50 slipped by 0.30 per cent for the week ended October 31, snapping its four-week winning streak.

Experts highlight that, on the technical front, the Nifty 50 has formed a double top formation on the daily chart, near 26,100, indicating potential exhaustion of the short-term uptrend. The hourly MACD has also exhibited a negative divergence, indicating weakening momentum and a potential short-term pullback.

According to Jigar S. Patel, Senior Manager of Equity Technical Research at Anand Rathi Share and Stock Brokers, a deci...