Positive market breadth leading to recovery from support – Expert

Quickclarity news, india
Positive market breadth leading to recovery from support – Expert

PUNE: The Nifty index on Thursday broke its two-day losing streak and ended up 67.50 points higher at 8992.80. At the start of the year, Nifty opened at 12202.15 but started witnessing a significant downward trend from March. Similarly, the BSE Sensex on Thursday was up 222.80 points at 30602.61 compared to Wednesday.

Reacting to the trend, Ruchit Jain, Equity Technical Analyst, Angel Broking, said that post Wednesday’s correction in the index from its highs, Nifty started trading marginally lower in today’s session. The index managed to find support around 8800 and pulled back higher to end the day with gains of a per cent.

Disclaimer : This story is auto-aggregated by a computer program and has not been created or edited by Quickclarity news.

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