IGI Logo

Below are Technical Quote On Today`s Market Performance by Mr. Deepak Jasani, Technical Research Analyst, HDFC Securities

Indian equity benchmark indices ended mildly lower after a volatile session on Feb 10. At close, the Nifty was down 2.80 points or 0.02% at 15,106.50.

Volumes on the NSE were in line with recent averages. Among sectors, Realty, Auto and Pharma indices did well, while Banks fell.

World shares rose to new all-time highs overnight and European indexes strengthened, with market sentiment generally upbeat on the prospect of fiscal stimulus and vaccine rollouts.

Nifty after falling initially, recovered in the afternoon on Feb 10 and closed near the intra day highs. One day up  - one day down phenomenon makes it tough to anticipate the near term trend. Advance decline ratio has now become almost equal suggesting equality in bull and bear pressures. 15168-15257 band could provide resistance to the Nifty while 14950-14977 could be the support band.  

Above views are of the author and not of the website kindly read disclaimer