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The Nifty previous day ended 0.97 percent up at 10,211.80. Gap-up opening followed by range bound movement with positive bias led the Benchmark Index settle in green after a prolonged weekend.
Ending the session with a bullish Marubozu candle around 10,210 is a sign of strength. On contrary note, overnight global markets cues may interrupt this uptrend and drag down the Benchmark Index towards critical support placed around 10,150.
However, “buy-on-dips around critical supports” is the strategy to be followed at this juncture. Down side supports are placed around 10,150 and 10,100.
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