Choppy market and narrow ranges,
market likely to consolidate between the band 10300 to 10530
Nifty Market continues to move in narrow range with high volatility & no conviction in a consistent move.
Major support for the day is seen at 10300 while resistance is seen at 10440.
Nifty once again needs to decisively cross 10435-10440 hurdle for next target of 10500-530 & hold it’s near term support of 10330 – 10300 – 10150 -10000.
Bank Nifty opened with a gap down of 103 points at 24629.
Finally, the bank nifty closed above with a gain of 130 points at 24862 , as today’s price movement belong to the bulls as the index closes near its day high.
Bank nifty continues to hold above 24500 to witness an up move towards 25000-25100-25200-25500, while major supports exists at 24350-24100.