Below are Technical Quote On Today`s Market Performance by Mr. Deepak Jasani, Technical Research Analyst, HDFC Securities
Indian benchmark equity indices closed higher on February 11 after consolidating in the previous two sessions. Nifty opened lower but quickly rose in the first half hour of trade and later remained in a range. At close, the Nifty was up 66.80 points or 0.44% at 15,173.30.
Volumes on the NSE were below recent average suggesting lower institutional interest at these levels. Among sectors, All sectors except Auto and PSU Bank ended in the positive. Metals, FMCG and IT indices rose the most.
Trading was light in Asia on Thursday, with most major markets closed for the Lunar New Year holiday. European stock markets were marginally higher Thursday, with investors looking to take their cues from the corporate sector on another busy earnings day.
Malaysia's economy contracted 3.4% year-on-year in the December quarter, falling for a third straight quarter and faster than the 3.1% decline forecast in a Reuters poll.
Nifty rose mildly on Feb 11 after a sideways move on the previous two sessions. It could remain in the 15064-15257 band in the near term and a breakout either side could see action in that direction.
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