Post Market Comment by Mandar Bhojane, Research Analyst, Choice Broking
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Below the Quote on Post Market Comment by Mandar Bhojane, Research Analyst, Choice Broking
The Indian benchmark indices ended higher in a volatile session on August 21. At the close, the Sensex was up 102.44 points, or 0.13 percent, at 80,905.30, and the Nifty was up 71.37 points, or 0.29 percent, at 24,770.20.
The Nifty experienced a volatile trading session today. It opened on a positive note, remained above the 24,700 level, and closed in the green, up approximately 71.35 points. The price has been consistently forming a higher high and higher low pattern on the daily chart, indicating a strong bullish trend.
The Nifty faces immediate resistance near the 24,900 and 25,050 levels. On the downside, the 24,550 and 24,450 levels act as immediate support. If the index manages to close above the 24,800 level, it could potentially target the 24,900 and 25,050 levels in the upcoming days.
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