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The 50-share NSE Nifty which started with a gap on the higher side went on reclaiming 10,200 with gains of nearly 100 points on Thursday. The index made a solid bullish candle after three consecutive bearish candles.
It opened at 10,152 and slipped marginally to hit its intraday low of 10,139. But, then bulls took control and pushed the index above 10,200 to hit an intraday high of 10,232. The index closed 96 points higher at 10,214.
Bulls made a strong comeback and any weakness in Friday’s session could be used as a buying opportunity. However, a break below its 50-DEMA could turn towards bears, suggest experts we can some more up move to around 10270-10300 zones and the crucial support to watch would be 10175.
The crucial support for the Nifty is at 10175-10089 and the resistance is at 10175-10270, he added.
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