Market Close: Benchmark indices ended on positive note in the highly volatile session on January 30. Indian equity benchmarks Sensex Nifty witnessed a choppy trade on the first trading day of the week. The trade remained choppy throughout the session, with Sensex and Nifty 50 oscillating between the red and the green. Investors await more of financial results from India Inc for domestic cues, with L&T and BPCL. Bajaj Finserv reported its quarterly numbers earlier in the session. Nifty ends around 17,650 up by 44 points while Sensex was up by 169 points at 59500. Technically, Nifty has broken down its one-month range of 18,200–17,800, which is not a good sign; however, 17500 is an immediate support while the 200-DMA of 17350 is a critical support that bulls will try to protect. On the upside, 17900 will act as a critical barrier, and 18250 is a major hurdle.
Resistance: 17900, 18000, 18100
Support: 17700, 17800, 17700
No comments:
Post a Comment