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Nifty holds uptrend after volatile week but faces consolidation near highs

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Nifty holds uptrend after volatile week but faces consolidation near highs
In a 6-day trading week, the Nifty traded with heightened volatility throughout the week and ended with gains. The week was marked by sharp swings as markets first reacted nervously to the Union Budget announced on Sunday, followed by a strong positive response to the India–US deal that led to a gap-up move.

As a result, the index oscillated in a wide intra-week range of 1661.80 points before settling higher. India VIX cooled off meaningfully over the week, declining by about 12%, reflecting easing volatility after the event-heavy phase.

On a weekly basis, the Nifty posted a gain of 373 points. Structurally, the broader trend of the market remains positive, though the index is currently navigating a consolidation phase after a strong up-move.

Milan Vaishnav chartETMarkets.com

On the weekly chart, Nifty continues to hold above its key medium-term moving averages, but recent price action shows hesitation near the upper end of the rising channel. The index is dealing with a supply zone around the recent highs, where selling pressure has emerged repeatedly.

While the primary trend is still up, a sustained move above the recent swing high would be required to reassert momentum on the upside, whereas a decisive break below the lower end of the recent consolidation band could trigger a deeper corrective move. For the coming week, the markets may see a positive start after the volatile but event driven week gone by.
Immediate resistance for the Nifty is placed around 26,000, followed by a stronger hurdle near 26,300. On the downside, supports are seen at 25,400, with the next important support placed near 24,850, which also coincides with key moving average support.
Momentum indicators present a neutral-to-slightly-positive picture. The weekly RSI is placed near 53, staying in the neutral zone and not indicating any bullish or bearish divergence against price.
The weekly MACD remains below its signal line, but the histogram has started to narrow, suggesting a loss of downside momentum. On the candlestick front, the week has resulted in a relatively long-range candle, highlighting volatility and indecision near higher levels rather than outright strength.

From a pattern perspective, the weekly chart shows Nifty closing above the falling trendline support. The recent pullback from the highs does not damage the larger trend, as the index continues to trade comfortably above its 50-week and 100-week moving averages. This setup suggests that the long-term trend is intact, but short-term consolidation cannot be ruled out.

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Given the current setup, traders and investors should adopt a balanced and selective approach in the coming week. Aggressive long positions may be avoided until the index shows a clear breakout above resistance, while existing positions should be managed with disciplined trailing stops to protect gains. Fresh opportunities are likely to remain stock-specific rather than index-led.

Overall, the focus for the week ahead should be on prudent risk management, selective participation, and closely tracking how the index behaves around the identified support and resistance zones.

In our look at Relative Rotation Graphs®, we compared various sectors against the CNX500 (NIFTY 500 Index), representing over 95% of the free-float market cap of all the listed stocks.

Milan Vaishnav chart 2ETMarkets.com

Relative Rotation Graphs (RRG) show that the Nifty Financial Services, IT, Banknifty, Services Sector, Metal, and the PSU Bank Indices are inside the leading quadrant of the RRG. While some relative momentum is being lost on the PSU Banks, these groups will continue to relatively outperform the broader markets.

Milan Vaishnav chart 3ETMarkets.com

The Nifty Midcap 100 Index has rolled inside the weakening quadrant. This may see a slowdown in the Midcap Index’s relative performance. Along with this, the Nifty Auto and the Infrastructure Indices are also inside the weakening quadrant.

The Nifty Realty and the FMCG Indices languish inside the lagging quadrant with the Realty Index showing a slight improvement in its relative momentum. The Energy Index has rolled inside the improving quadrant. Besides this, the Media Index is also inside the improving quadrant.

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Important Note: RRG™ charts show the relative strength and momentum of a group of stocks. In the above Chart, they show relative performance against NIFTY500 Index (Broader Markets) and should not be used directly as buy or sell signals.

(The author Milan Vaishnav is CMT, MSTA Consulting Technical Analyst)

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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GSK’s bepirovirsen accepted for regulatory review in China for hepatitis B

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GSK’s bepirovirsen accepted for regulatory review in China for hepatitis B

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Earnings call transcript: J&T Global Express H2 2025 sees strong growth

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Earnings call transcript: J&T Global Express H2 2025 sees strong growth

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Starcloud reaches $1.1 billion valuation as AI space race heats up

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Starcloud reaches $1.1 billion valuation as AI space race heats up


Starcloud reaches $1.1 billion valuation as AI space race heats up

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How to Choose the Right Penetration Testing Services in the UK

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How to Choose the Right Penetration Testing Services in the UK

With cyber threats on the rise, businesses across the UK are prioritizing security more than ever before. Penetration testing plays a critical role in identifying vulnerabilities before they can be exploited.

However, selecting the right provider can be challenging, especially with so many options available. Choosing reliable penetration testing services in the UK requires a clear understanding of your needs, industry standards, and what to look for in a trusted partner.

Understand Your Business Requirements

The first step in choosing the right service is identifying your specific security needs. Different businesses require different types of testing, such as web application testing, network security assessments, or cloud infrastructure evaluations.

For example, an e-commerce business may prioritize application security, while a financial organization may prioritize compliance and data protection. Understanding your systems, risk exposure, and regulatory requirements will help you select services that are tailored to your business.

Check Certifications and Industry Standards

Reputable providers follow recognized frameworks and hold relevant certifications. When evaluating providers offering penetration testing services UK, look for qualifications such as CREST, CHECK, or ISO certifications.

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These certifications indicate that the company adheres to industry best practices and employs skilled professionals. Working with certified providers ensures that your testing is conducted thoroughly and meets compliance requirements.

Evaluate Testing Methodology and Approach

Not all penetration tests are created equal. Some providers rely heavily on automated tools, while others combine automation with manual testing for deeper insights.

A reliable provider will use a structured methodology that covers all potential entry points and simulates real-world attack scenarios. They should also provide detailed reports that include not only identified vulnerabilities but also actionable remediation recommendations.

Understanding how the testing is conducted helps ensure you receive meaningful and accurate results.

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Assess Communication and Ongoing Support

Effective communication is essential throughout the testing process. A good provider will clearly explain their findings, helping both technical and non-technical stakeholders understand the risks.

Look for companies that offer ongoing support after the test is completed. This may include guidance on fixing vulnerabilities, follow-up testing, and continuous monitoring. Strong communication and support can significantly improve your overall security strategy.

Balance Cost with Quality and Value

While cost is an important factor, it should not be the sole deciding point. Cheaper services may lack depth or fail to identify critical vulnerabilities, leading to higher future costs.

Instead, focus on value. High-quality penetration testing helps prevent data breaches, ensures compliance, and protects your business reputation. Investing in a reputable provider is a long-term investment in your organization’s security.

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Final Thoughts

Choosing the right penetration testing provider is a crucial step in strengthening your cybersecurity posture. By understanding your needs, verifying certifications, and evaluating methodologies, you can make an informed decision.

With the right penetration testing services UK, your business can proactively identify risks, protect sensitive data, and stay ahead of evolving cyber threats.

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National cabinet agrees to four levels of fuel action

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National cabinet agrees to four levels of fuel action

Premier Roger Cook has welcomed the federal government’s decision to halve the fuel excise, saving motorists about 26 cents a litre in petrol and diesel at the bowser.

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Clutch Towing on What It Takes to Run a 24/7 Service

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Clutch Towing on What It Takes to Run a 24/7 Service

Clutch Towing Inc. is a Brooklyn-founded towing company that reflects a practical idea carried out with discipline: show up, work safely, and treat people with respect.

Established in 2020, the business began during a period of uncertainty. While many industries slowed, the founder saw a steady need on the roads. “Towing is not optional,” he says. “If your car breaks down, you need help.” That insight shaped the company’s early direction.

Starting in Brooklyn, Clutch Towing focused on fast response times and clear communication. The work was hands-on from day one. Long hours. Emergency calls. Real-world problem solving. “In the beginning, it was about proving that we would show up,” the founder explains.

Over time, the company expanded beyond everyday roadside calls. Today, it supports both individual drivers and commercial operators across New York City and parts of New Jersey. Heavy-duty towing became a key part of its growth, requiring greater planning, safety awareness, and operational focus.

Clutch Towing’s leadership approach is grounded in consistency rather than scale. The company emphasises careful vehicle handling, fairness in pricing, and professionalism in high-stress situations. “We move fast, but we don’t rush carelessly,” the founder says.

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In a demanding urban environment, Clutch Towing has built its reputation by doing the basics well. Its role in the industry is clear: provide dependable service when it matters most, and contribute to safer roads through awareness and accountability.

Inside Clutch Towing: Building Reliability in NYC

Q: Let’s start at the beginning. What led to the founding of Clutch Towing in 2020?

A: We started Clutch Towing during a time when a lot of businesses were uncertain. But towing is different. “If your car breaks down, you need help.” That need is constant. We saw an opportunity to build something practical and dependable. The goal was simple from day one. Help people during stressful situations.

Q: What were the early days like in Brooklyn?

A: Very hands-on. Long hours and a lot of emergency calls. We focused on proving reliability. “In the beginning, it was about showing that we would show up.” That built trust. Word spreads quickly in a place like New York if you are consistent.

Q: What makes operating in New York City unique for a towing company?

A: Traffic changes everything. “In NYC traffic, minutes matter.” You need to be efficient and prepared. There is no room for delays. But at the same time, you cannot rush carelessly. You have to balance speed with safety.

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Q: How did you approach building that balance?

A: We made it part of the culture. “We move fast, but we don’t rush carelessly.” Every job requires attention. Whether it is a small car or a commercial vehicle, the handling matters. That mindset carries through the whole operation.

Q: When did the business begin to expand beyond basic towing?

A: As demand grew, we started working more with commercial vehicles, fleet owners, and repair shops. Heavy-duty towing became a bigger part of what we do. That required more planning and stronger safety standards. Larger vehicles bring more responsibility.

Q: What have you learned from working with commercial operators?

A: Time and reliability are critical. A breakdown affects more than one person. It can impact schedules, deliveries, and operations. “When a work vehicle goes down, it’s not just about the driver.” That changed how we think about service.

Q: How important is communication in your work?

A: It is essential. People call us when they are stressed. “Clear communication prevents confusion.” We explain what is happening, what to expect, and how long it will take. That helps people stay calm.

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Q: What are some common mistakes drivers make during roadside situations?

A: A lot of people panic. They forget to turn on hazard lights or they stand too close to traffic. “In busy traffic, a disabled vehicle becomes a hazard quickly.” Awareness is key. Small steps can reduce risk.

Q: How has your experience shaped your view on road safety?

A: It has made it a priority. Every call involves some level of risk. “You’re not just moving a vehicle, you’re protecting people.” That includes the driver, our team, and others on the road. Safety has to come first.

Q: What values guide Clutch Towing as a business?

A: Reliability, integrity, and accountability. If we say we are coming, we show up. If there is an issue, we address it. “We stand for professionalism and accountability.” That consistency matters more than anything else.

Q: Looking back, what has been the most important idea behind your growth?

A: Keeping things simple. Show up. Communicate clearly. Do the job properly. “Our mission is simple: deliver dependable towing services with integrity and safety.” That has guided every decision.

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Q: How do you define leadership in your industry?

A: It is not about being the biggest. It is about being dependable. “We want to be known as the team that shows up when it matters most.” If you can do that consistently, you are leading in this space.

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Fogarty merges wine interests with Victorian billionaire

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Fogarty merges wine interests with Victorian billionaire

WA’s biggest winemaker has brought in Melbourne billionaire Anthony Hall as an equity holder, deepening an existing business partnership that started in Tasmania.

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Minerals Council pitches freight train plan to unlock North West's next boom

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Minerals Council pitches freight train plan to unlock North West's next boom

Construction of more than $30 billion of rail linking the North West to Perth and Queensland could unlock Australia’s stranded critical minerals assets, a key resources lobby group argues.

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Is Kuwait International Airport Open Today? Airport Still Remains Closed Due To Drone Attacks

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Kuwait International Airport

KUWAIT CITY — Kuwait International Airport did not open or resume normal operations on Monday as regional conflict continued to disrupt aviation in the Gulf nation, with repeated Iranian-linked drone strikes damaging critical infrastructure including radar systems and fuel facilities.

Kuwait International Airport
Kuwait International Airport

As of March 30, 2026, the airport stayed closed to regular commercial passenger and most cargo flights, according to official statements and flight tracking data. No new inauguration or reopening occurred despite earlier speculation and social media rumors about possible partial operations or a new terminal launch. Kuwait’s Directorate General of Civil Aviation has maintained the suspension that began in late February following the escalation of the 2026 Iran-related regional war.

Multiple drone attacks have targeted the airport since early March. Strikes on March 12 and 14 damaged the radar installation, while a later assault hit a fuel tank, sparking a fire with limited material damage and no reported casualties. An earlier incident on Feb. 28 also affected Terminal 1. Officials attributed the attacks to Iran or its proxies, prompting heightened security measures and contingency planning across Gulf aviation hubs.

The closure has stranded thousands of travelers and forced airlines, including national carrier Kuwait Airways and low-cost Jazeera Airways, to suspend or reroute services. Some operations have shifted to alternative airports, such as Qaisumah International Airport in Saudi Arabia, located about 2.5 hours by road from Kuwait. Passengers holding confirmed bookings with Kuwait Airways have been advised to register for repatriation flights followed by land transport, with a previous registration deadline of March 6 for certain groups.

Authorities have urged the public not to travel to the airport and to contact airlines directly for the latest updates. Flight status pages showed no scheduled commercial arrivals or departures as of Monday, with messages indicating suspended services. Emergency protocols and backup systems have allowed limited continuity in some cases, but full commercial operations remain grounded pending safety assessments and repairs.

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The disruptions come as Kuwait pushes forward with a massive $5.8 billion modernization program centered on a new Terminal 2. Designed by Foster + Partners and constructed by Turkey’s Limak İnşaat, the futuristic 700,000-square-meter facility aims to boost annual capacity to 25 million passengers and position Kuwait as a regional aviation hub. Construction stood at around 81% complete by late 2025, with civil works targeted for completion by Nov. 30, 2026, followed by testing and trial operations before full passenger services in the final quarter of the year.

No soft opening, trial runs or partial inauguration took place in March despite unverified online claims. Officials have repeatedly clarified that Terminal 2 remains on schedule for late 2026, with focus currently on interior fit-outs, baggage systems, security infrastructure and sustainability features targeting high environmental standards. The project includes advanced design elements such as a tri-wing concrete-shell roof, natural daylight optimization and explosion-resistant facades suited to the region’s conditions.

Existing facilities continue to handle minimal non-commercial activity where possible, but the primary Terminal 1 — originally designed by architect Kenzo Tange and opened in 1979 — along with dedicated terminals for Kuwait Airways and Jazeera Airways, have been impacted by the security situation. A new runway and air traffic control tower opened in 2025 as part of earlier expansion phases, providing some operational resilience.

The broader regional conflict, which intensified with strikes involving Israel, the United States and Iran starting in late February, has ripple effects across Gulf aviation. Neighboring countries have reported heightened alerts, with some airports implementing additional security or temporary adjustments. Kuwait’s Civil Aviation Authority has coordinated with international partners to evaluate damage and restore functionality, though no firm reopening timeline has been announced as of Monday evening.

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Travelers affected by cancellations have faced challenges finding alternatives, with road and limited air connections via Saudi Arabia serving as primary options for stranded passengers. Airlines have extended waiver policies for changes and refunds in many cases, while governments have activated repatriation plans for citizens abroad.

Longer-term, the new Terminal 2 project represents Kuwait’s vision for post-conflict aviation growth. Once operational, it is expected to feature state-of-the-art passenger amenities, including spacious lounges, efficient processing systems and capacity for large aircraft such as the Airbus A380. The terminal’s design emphasizes cultural hospitality elements, such as a waterfall feature in the baggage claim area, alongside energy-efficient technologies.

Experts note that successful recovery will depend on stabilizing the security environment, completing infrastructure repairs and rebuilding passenger confidence. The airport’s role as a connector between Europe, Asia and Africa makes its full resumption strategically important for Kuwait’s economy, tourism and business links.

In the meantime, the Public Authority for Civil Aviation continues to monitor the situation closely. Passengers planning travel are encouraged to check official airline websites, the Kuwait Civil Aviation Authority channels and global flight trackers for real-time information. Those with existing bookings should avoid heading to the airport until services resume.

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The incident highlights vulnerabilities in regional aviation infrastructure during periods of geopolitical tension. Similar challenges have affected other Gulf airports in recent weeks, prompting calls for enhanced air defense coordination and diversified routing options.

Kuwait International Airport, prior to the current suspension, served as the country’s main gateway with growing international connections. Its modernization drive, including the Terminal 2 expansion, was intended to handle rising passenger volumes and compete with larger hubs in Dubai, Doha and Abu Dhabi.

As repairs and security evaluations proceed, aviation officials emphasize that safety remains the top priority. Contingency measures, including backup radar capabilities where available, help mitigate immediate risks, but full commercial reopening requires comprehensive verification.

For the thousands impacted, the wait continues amid efforts to facilitate safe returns and alternative travel arrangements. Updates from Kuwaiti authorities and airlines will be critical in the coming days as the situation on the ground evolves.

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The story remains fluid, with potential developments tied to broader diplomatic and security developments in the Middle East. Travelers and stakeholders are advised to stay informed through verified official sources.

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Strategy: Soon A Long, But Not Yet

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Strategy: Soon A Long, But Not Yet

Strategy: Soon A Long, But Not Yet

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