Street signs: Market trend turns weak, Laurus Labs stock rises, and more

Market trend turns weak

The benchmark Nifty declined 2.4 per cent last week to end at 11,642. After a sustained bull run, the markets are expected to enter a turbulent period. According to technical analysts, the Nifty is precariously positioned. “The Nifty on the weekly chart has formed a long-bear candle and is at the edge of significant trend line support at 11,600. The lower support of 11,600-11,550 is going to be crucial for the bulls to hold on their defence. A decisive move below this support could open further weakness down to 11,200 levels in the next few weeks,” said