According to Gaurav Bissa, vice president, InCred Capital, Nifty and Bank Nifty continued to witness rangebound move throughout the week. "The index had witnessed strong call writing at 18,000 strike, which ensured the index traded with weak bias. However, the call writers were forced to cover their positions and Nifty witnessed a swift move above 18,000. Among sectors, Nifty IT and Nifty PSE index witnessed most gains on expected lines. Overall, for the next week, Nifty range could be 17,750-18,350, Shah said.
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