At Present in the Index has support comes at 32000 level - Choice Broking
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Nifty
* It was a volatile session as after the positive opening, the benchmark index traded both-way and settled at 14838.35 levels with a loss of 35 points.
* Sectoral indices like Nifty IT, FMCG & Pharma performed well during the day and settled at green notes. Stock like CIPLA, SUNPHARMA, HUL were the top gainer while BAJAJFINANCE, UPL, NTPC were the prime laggards.
* Technically, the index has failed to sustain above 14950 levels acting as immediate resistance zone. Moreover, in the prior session the index also formed Doji Candlestick pattern, which indicates indecisiveness for the near term.
* However, an oscillator Stochastic has been showing positive crossover on the daily chart.
* At the moment, the index has immediate support at 14600 levels, while on the higher side it may find resistance around 14950 levels.
Bank Nifty
* While, Bank Nifty has closed the session into the negative territory at 32448.05 levels with an overall loss of 334 points.
* Furthermore, the index has given closing below 21 Daily Average which points out weakness in the counter.
* At Present in the Index has support comes at 32000 level while resistance comes at 33600 level.
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