Nifty50 which started off on a muted note tracking muted global cues recouped most of its losses and bounced back from its 5-days exponential moving average placed at 10,899 to form a bullish candle for the fifth consecutive day in a row. The Nifty formed a bullish candle on an intraday basis as the closing level was higher than the opening level.
Nifty Future Support-Resistance
The Indian equity markets witnessed a strong recovery despite opening gap down today. Bank Nifty too witnessed a strong recovery and ended the weekly expiry just 17 points lower at 27340.50 after hitting an intraday low of 27155.
Bank Nifty Future Support-Resistance