Nifty ended at 9,897 level, up by 103 points while Sensex ended at 31,770 level, up by 321 points on Wednesday. Reflecting strong positive sentiments floating in the market.
Nifty50 index, on the daily technical charts, formed a strong bullish candle. It also formed higher highs and lower lows for the past two straight sessions.
The index has resistance placed in the region of 9,925-9,930, and if it holds above this resistance zone, the next resistance is placed in the region of 9,960-9,970.
On the downside, support is seen at the level of 9,850 and the next support is placed around the level of 9,830.
Nifty50 index, on the daily technical charts, formed a strong bullish candle. It also formed higher highs and lower lows for the past two straight sessions.
The index has resistance placed in the region of 9,925-9,930, and if it holds above this resistance zone, the next resistance is placed in the region of 9,960-9,970.
On the downside, support is seen at the level of 9,850 and the next support is placed around the level of 9,830.
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