Indian fairness benchmarks snapped their two-day shedding streak on Friday led by good points in HDFC, HDFC Bank, Hindustan Unilever, ICICI Bank, Asian Paints and Larsen & Toubro. The benchmarks staged a spot up opening on the again of robust world cues and prolonged good points in midday offers whereby the Sensex rose as a lot as 795 factors and Nifty 50 index touched an intraday excessive of 14,573.
The Sensex ended 568 factors or 1.17 per cent increased at 49,008 and Nifty 50 index climbed 182 factors or 1.27 per cent to finish at 14,507.
“Nifty staged a swift recovery from its near-term support around 14,300. Nifty is likely to trade in the range between 14,300-14,700, and it’s going to be crucial for the short-term to sustain above 14,300. Technical evidence is aligned to support the bullish case scenario. As such, the investors are advised to buy on intraday correction and look for exit around 14,700-14,750,” Ashis Biswas, head of technical analysis at CapitalVia Global Research advised NDTV.
