After sharp technical correction, Nifty moved up due to short covering and Nifty's oversold situation. On Thursday, Nifty Bank's expiry day, investors and speculators were forced to cover their shorts which led the market rally. On Friday, FMCG and Banking stocks further helped the market recover. Going forward, the market may face strong resistance at 10,410 and 10,500 levels, and Nifty may get support at 10,037. Broadly speaking, we can see sideways to positive movements at the beginning of the week.

A voter casts her ballot during the first phase of the much anticipated Vidhan Sabha Gujarat elections at Limbdi, which is approximately 100 km from Ahmedabad