Street signs: Market in 'uptrending zone', Devyani GMP at 60%, and more

Market in ‘uptrending zone’
 
Benchmark indices fell marginally last week amid high volatility, with the Nifty ending at 15,763. Technical analysts say the market remains in an uptrend as the index has managed to find support at its 50-day moving average. “We are of the view that the broader texture of the market is still in the bullish zone, but due to non-directional activity, indices may consolidate in the range of 15,600-15,900. In the near future, the 15,720-mark could act as a strong support level. A decline below this could take the index to 15,600. On the flip side,