The weakness across the globe became the real spoilsport and did not let our markets go beyond the recent consolidation range.

But, we must also accept the fact that we have outperformed our global peers significantly as we did not fall to the tune of the global indices.

We still remain directionless and completely clueless about which way we are heading now.

It would be wise to mention few key levels and keep a close track of it in the first half of the forthcoming week. As far as support levels are concerned for the Nifty, 14540 followed by 14400 are to be seen as key levels.

A sustainable move below the lower range would certainly dent the possibility of some positivity in the short term.

On the flipside, 14750 – 14830 are to be seen as key hurdles. If we have to regain strength then Nifty needs to go beyond 14830 first.

Similar to the previous week, we witnessed ample of thematic moves playing out one after another. Only on Friday, there was no clear winner and in fact, the broader market saw some decent correction, which is not an encouraging sign.

We advise traders to keep a tab of all the above-mentioned levels and meanwhile continue with a stock-centric approach. It is advisable to stay light and avoid aggressive bets till the time global volatility subsides.