The Nifty 50 index has gained over 1.5 percent so far this week despite lack of participation from foreign institutional investors. The turnover has also picked up gradually to register average levels. With the first wave of quarterly earnings just around the corner, can traders expect consolidation or will there be big moves on indices in the coming week? On BloombergQuint's ‘Surf's Up', which tracks weekly trends in equity derivatives, K Subramanyam of Altamount Capital tells Agam Vakil that the Nifty is at a crucial juncture and breaking above certain levels could lead to a break out upwards. For more on levels to watch and stock ideas, listen in.
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