


Ahead of Market: 10 things that will decide D-Street action on Friday
The blue-chips NSE Nifty 50 index climbed 0.66% to 21,658 points, while the S&P BSE Sensex added 0.69% to settle at 71,847 points.
Here's how analysts read the market pulse:
«The fall in Nifty has halted around 21,500 levels where multiple support parameters in the form of the 38.2% fibonacci retracement level and the lower end of the rising channel is placed. We expect Nifty to hold on to this support and resume next leg of upmove.
Thus, we shall expect the positive momentum to continue over the next few trading sessions,» said Jatin Gedia, technical research analyst at Sharekhan.
Rupak De, senior technical analyst at LKP Securities, said, «If it surpasses 21,850, we might anticipate a further climb toward 22,000. Notably, the index appears to have a short-term support level around 21,500.