What Changed For The Market While You Were Sleeping



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The Indian markets witnessed a volatile day but bulls managed to regain control over D-Street on Thursday. The index reclaimed its crucial resistance level of 10,500 and closed near its intraday high level and made a bullish candle on the daily candlestick charts.

T​he Nifty which opened at 10,469 slipped to an intraday low of 10,441 in the morning trade. However, bulls took charge in the afternoon trade and pushed the index beyond 10,500 to touch its intraday high of 10513. The index finally closed 61 points higher at 10,504.80.

According to Pivot charts, the key support level is placed at 10,459.87, followed by 10,414.93. If the index starts to move higher, key resistance levels to watch out are 10,531.37 and 10,557.93.

Nifty Bank closed at 25,462.6. Important Pivot level, which will act as crucial support for the index, is placed at 25,351.84, followed by 25,241.07. On the upside, key resistance levels are 25,531.84, followed by 25,601.07.

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