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The Nifty50 registered another record high of 9,450 last week and despite some profit booking in the latter part of the week, the index eventually managed to hold above the 9,400 mark on a closing basis on Friday. 

Analysts said market movement in last four months clearly signals that the Nifty50 has been following a particular pattern, that is a sharp upward move followed by some consolidation in a small range and then once again a breakout from the range to resume the uptrend. 

The 50-share Nifty50 index settled 21.50 points, or 0.23 per cent, down at 9,400 on Friday.