Nifty expiry today with bulls back in action; support and resistance levels cited.
Context
What happened: Indian markets rose for a fourth straight session, with the Sensex up 666 points to an intraday high of 76,358.79 and the Nifty 50 up 170 points to 23,610.70 ahead of the Nifty expiry session.
Key numbers: Sensex +0.87%, Nifty +0.7%, both up over 4% in four sessions. Brent crude around $105 a barrel after a 7% fall.
Why it matters: Brokers said a decisive break above 23,500 could open the way to 23,800 to 24,000, while Religare Broking cited put writing at 23,200 and 23,300 as downside support and advised selective accumulation.
What changed
Indian markets rose for a fourth straight session, with the Sensex up 666 points to an intraday high of 76,358.79 and the Nifty 50 up 170 points to 23,610.70 ahead of the Nifty expiry session.
Why it matters
Brokers said a decisive break above 23,500 could open the way to 23,800 to 24,000, while Religare Broking cited put writing at 23,200 and 23,300 as downside support and advised selective accumulation.