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New day new high!!! Nifty near 14600 mark. After opening on flat note on Tuesday and surged throughout the session after a slight dip in the initial hour of trade, heading towards a new lifetime high of 14,590. The bulls have been on the go relentlessly, and are touching new highs every session. The index witnessed some consolidation in the last hour of the session, but finally settled with a gain of around 90 points.
The index formed a healthy bullish candle on the daily scale and
continued to form higher highs for the last 14 sessions. Now, it has to hold
above 14,400 level to witness a fresh move towards 14,750 and then 15,000
levels, while on the downside, major support exists at 14,300 and 14,200 levels.
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Resistance: 14700, 14900
Support: 14400, 14300
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