NIFTY50 index extended its recovery for a second straight week, rebounding from Budget day lows after the India-US trade deal improved sentiment. Meanwhile, market breadth and FII positioning showed signs of stabilisation, with easing selling pressure and gradual short covering. In the week ahead, the market’s direction will hinge on US inflation data, key Q3 earnings and global cues, while the NIFTY structure stays positive as long as crucial support levels hold.
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