Equity benchmarks snapped a five week's losing streak and closed higher by more than 1% during last week amid the pullback in recently corrected index heavyweights. 

The BSE Sensex closed at 34733, up by 356 points or 1% while the NSE Nifty closed at 10472, up by 156 points or 1.5% for the week.

Nifty started the week on a positive note, however, selling pressure in the midweek saw the index breach its previous week's low and formed an intraweek low of 10138. Nifty witnessed a sharp rebound on Friday's session as it recouped its entire weekly decline and formed a fresh intra week high of 10492. 

The index closed near the weekly high at 10472 levels up by 1.5%.

In the coming week, it is being expected that the index to hold 10200 level and may extend the pullback towards 10600 level.

In the present scenario, the index has maintained the rhythm by correcting for a sixth successive week. According to market experts, ongoing correction may

mature in the coming 1-2 weeks around the major support area of 10200 in Nifty.

Nifty has major support around 10200-10100 levels.