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Nifty started higher and remained rangebound throughout the session on November 14. On the higher end, the index found resistance around the 38.2 percent retracement level of the previous fall from all-time high of 11,760 to recent low of 10,004.
In addition, 200-EMA on the daily frame acted as active resistance for the rising Nifty. During the day, banking and financial stocks mostly remained in the green. On the other hand, IT and pharmaceuticals dragged.
India VIX remained muted for the day.
Nifty started higher and remained rangebound throughout the session on November 14. On the higher end, the index found resistance around the 38.2 percent retracement level of the previous fall from all-time high of 11,760 to recent low of 10,004.
In addition, 200-EMA on the daily frame acted as active resistance for the rising Nifty. During the day, banking and financial stocks mostly remained in the green. On the other hand, IT and pharmaceuticals dragged.
India VIX remained muted for the day.
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