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EN
Nifty Holds Crucial Support: Can Bulls Defend It Again? Check Key Levels, Stock Of The Day
['Dalal Street Investment Journal']
NDTV Profit
On the weekly expiry day, the Nifty 50 index witnessed heightened volatility.
During the session, the index slipped below the prior day’s low and even breached the 25,100 mark on an intraday basis.
The testament to heightened volatility was the fact that Tuesday’s trading range (difference between high and low) surpassed the 10-day average range.
Although the index respected the crucial support zone of 25,037-25,100 (mentioned in the prior write-up), it extended its losing streak to the third consecutive session, closing 32.85 points, or 0.13%, lower at 25,169.50.
On the daily chart, the index formed a long-legged, small-bodied candle and closed near the prior day’s low.
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