The India's major index NIFTY50 started on a tepid note at 17924 and remained jittery throughout the session to finally settle at 17888 level with a minute loss of 18 odd points against the day before.
The index behaved wildly during the first hour of the trade wherein after hitting a bottom at 17824 it moved up sharply to mark an intraday high at 17976 level. Although the visible range was near about 150 points, most of trades were executed within a span of 70 points, thus keeping the day traders on their toes.
Overall price action hints of an indecision amongst the market participants at the current juncture.
In the absence of any major development, the levels at 17800-770 continue to exist as support and on the flip side, 17970-18000 shall offer resistance in the session ahead.
The index behaved wildly during the first hour of the trade wherein after hitting a bottom at 17824 it moved up sharply to mark an intraday high at 17976 level. Although the visible range was near about 150 points, most of trades were executed within a span of 70 points, thus keeping the day traders on their toes.
Overall price action hints of an indecision amongst the market participants at the current juncture.
In the absence of any major development, the levels at 17800-770 continue to exist as support and on the flip side, 17970-18000 shall offer resistance in the session ahead.