The Indian equity market closed lower this week, with the Nifty index trading below its 50 and 100-week moving averages, signaling a cautious market environment. A key support zone near 23,000 to 23,100 is currently being defended by investors. However, a sustained breach of this level could lead to further downside pressure. Market participants are expected to approach the coming week with caution, focusing on selective stock-specific opportunities as the overall market trajectory remains sideways. This reflects ongoing uncertainty and the need for careful stock selection in the current market conditions. The markets ended lower this week, with Nifty trading below its 50 and 100-week moving averages.