The Nifty index closed in negative territory for the 5th consecutive week, and in the past, it has closed in negative territory for beyond 5 weeks only in 2 instances—one in 2001 and the second in 2008.“Both were bear markets, so there is a high possibility of this week turning out to be a positive week,” noted Jay Thakkar, Head Derivative and Quant Research, ICICI Securities.He further noted that the support on the lower side is 24,450, below
