Support Zone 22476-22385
Resistance Zone 22783-22872
A short build-up was seen in 52 stocks, including HCL Technologies, Birlasoft, Dr Reddy's Laboratories, Coforge, and Navin Fluorine International
The market took a U-turn from its lifetime highs on April 30 as participants seemed to have turned cautious ahead of the outcome of US Federal Reserve meeting and a mid-week holiday. But overall, the sentiment remains positive as the index traded above all key moving averages, and as long as the Nifty 50 holds key support of 22,300, the upward rally towards 23,000 may resume once again after likely consolidation in immediate term, experts said.
Resistance Zone 22783-22872
A short build-up was seen in 52 stocks, including HCL Technologies, Birlasoft, Dr Reddy's Laboratories, Coforge, and Navin Fluorine International
The market took a U-turn from its lifetime highs on April 30 as participants seemed to have turned cautious ahead of the outcome of US Federal Reserve meeting and a mid-week holiday. But overall, the sentiment remains positive as the index traded above all key moving averages, and as long as the Nifty 50 holds key support of 22,300, the upward rally towards 23,000 may resume once again after likely consolidation in immediate term, experts said.