Indian benchmark indices inched higher on Wednesday, following positive global cues.
At 9:50 a.m., Sensex was up by 162 points or 0.22 per cent, at 72,266 points and Nifty was up by 76 points or 0.34 per cent, at 22,293 points.
In early trade, Midcap and Smallcap outperformed benchmarks. The Nifty midcap 100 was up by 427 points or 0.85 per cent, at 50,652 points and the Nifty smallcap 100 was up by 152 points or 0.93 per cent, at 16,518 points.
Among sector indices, buying is in aut...
Sensex up 162 points after opening flat
Technical View : -
BANKNIFTY 46080: On the daily chart, Banknifty is trading in the range 44800 to 46500, and it has taken a support near 200 DMA, which is lying around 44800 to 44900 levels, and the 61.8% retracement level of the recent fall is also near 200 DMA, which is acting as a very strong support for the short term. Currently, Banknifty has moved past the significant 50EMA level of 46070 zone after a long time, improving the bias and furhter, has a strong resistance ne...
PL Technical View by Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher Pvt. Ltd.
