Nifty snapped 8-week losing streak; 200-week moving average is key resistance.
Context
What happened: The Nifty ended its eight-week losing streak with a modest weekly gain, but failed to reclaim its 200-week moving average.
Key numbers: Weekly gain of 98.50 points (0.44%). India VIX rose 5.67% to 15.28. The 200-week moving average is at 22,627.
Why it matters: The broader trend stays weak below 22,627, and the content says a sustained weekly close above that level is needed for the recovery to gain credibility.