Market may get volatile
On the downside, 81,900 and could act as key support zones, while 82,900 and 83,200 could act as key resistance levels
Market may get volatile
Benchmark indices witnessed a volatile trading session. After volatile activity, the Sensex gained 398 points. Sectorally, the Defence, and PSU Bank indices gained by more than 2%, while some Real Estate and Metal stocks witnessed selling pressure.
Technically, the market has formed back-to-back indecisive pattern, and that may keep the market volatile. “We believe that, given the intraday market volatility, traders need to be careful while trading at resistance and support levels,” says Shrikant Chouhan, Head - Equity Research, Kotak Securities.
On the downside, 81,900 and could act as key support zones, while 82,900 and 83,200 could act as key resistance levels for bulls.
