The key points from the document are:
1) Indian stock markets ended the week lower, with the Sensex and Nifty falling below important 200-day moving average levels. More than 60% of Nifty 50 stocks traded below their 200-DMA, indicating further downside pressure.
2) Technically, the Nifty found support at 5520/30 but broke below its 200-DMA of 5641. It needs to close above this level to trigger an upmove. The Bank Nifty closed below its 200-DMA of 11422 and found support at 11000.
3) Option data suggests the market sees the Nifty rangebound between 5500-5900 in the