Market closed closed 0.09% higher on Thursday. All eyes will be on the Union commerce minister Piyush Goyal's press conference at 4 pm. Markets are anticipating the European Central Bank's policy decision as it is expected to claw back stimulus today, taking a token step towards unwinding the pandemic mandated emergency aid. The Sensex closed at 58305, up 54 points, while Nifty was at 17369, up 15 points. Bank, financials, realty were top drags.
Nifty traded in a sideways trend today.
It took support around 17300 where it saw some buying and then closed around
yesterday's close at 17357. 17300 and 17250 will continue acting as strong
support levels for Nifty. On a closing above 17400 , Nifty may test levels of
17,500 and 17550. Overall the trend in Nifty remains bullish and we may see new
all time high in the next few trading sessions.
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Resistance: 17400, 17450, 17500
Support: 17300, 17250, 17200
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