Key levels to track: Sensex, Nifty50, Nifty Midcap, Nifty Smallcap indices

Last week witnessed high volatility with indices opening in ‘gaps’ – a sharp movement over the previous close. The Nifty 50 and BSE Sensex closed above their 200-DMA with average volume. The Nifty closed at 10,805, up 13 points while the S&P BSE Sensex closed at 35,962 up 33 points on Friday. The 200 DMA for the Nifty50 index stays at 10,756 and that for the S&P BSE Sensex at 35,481 levels.

Nifty 50 & S&P BSE Sensex: The recent trade in the index shows the relevance of 50-DMA. The 50 DMA (10,530 of Nifty50 and 35,025 of the S&P