A morning walk down Dalal Street | Nifty should retest 10900 but could face selling pressure at higher levels

Indian market consolidated for the second consecutive session in a row on Friday and closed flat. However, on weekly basis, both Sensex and Nifty rose 0.6 percent, and 0.2 percent respectively.

The big outperformer was the broader market as both Nifty Midcap and Small-cap indices recorded gains of over 2 percent each for the week ended February 22. 

In terms of sectors, Nifty Metal rose 6 percent, followed by nearly 5 percent rally in the Realty sector, and Nifty Media rose 3.7 percent in the week.

After hitting a bottom at 10585, experts feel that the index should retest 10900 in the coming week, but could face selling pressure at higher levels around 11,000 in the short term. 

Foreign investors on Friday pumped in a huge net of Rs 6,311 crore into the Indian capital markets, the highest inflow in a single day this month so far, exchange data showed.