Market Live Updates Today: Trends on SGX Nifty indicate a flat opening for the index in India with 61 point loss
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On the daily chart, "the index has witnessed a shift towards the upside, as the higher top and bottom formation is observed. Overall, the short-term trend has turned bullish within a broad range of 17,500-16,800 levels," he said.
Key support and resistance levels on the Nifty
According to pivot charts, the key support levels for the Nifty are placed at 17,179.53, followed by 17,125.87. If the index moves up, the key resistance levels to watch out for are 17,268.53 and 17,303.87.
Nifty Bank
The Nifty Bank gained 125.90 points at 35,183.80 on December 28. The important pivot level, which will act as crucial support for the index, is placed at 35,030.33, followed by 34,876.86. On the upside, key resistance levels are placed at 35,344.83 and 35,505.86 levels.
