Nifty Trading In A Range


The benchmark Index Nifty opened flat at 10404 on Thursday. In the first hour of the trading session it made a high of 10420 which was exactly the previous day high and then slowly and steadily kept on making lower lows and higher lows. This showed that the index was volatile throughout the entire trading session. Nifty had made a low of 10346 which is just 10 points away from the previous day low, as the index closed at 10352. Nifty can take support at 10325 – 10310 and resistance at 10424 – 10390 for Friday the next trading day according to our Strategic Technical Analysis.

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