Indian equity benchmarks rose on Thursday in the form of November futures and options contracts led by gains in index heavyweights such as Reliance Industries, Infosys, Kotak Mahindra Bank, HDFC Bank, ITC, Bharti Airtel and Tech Mahindra. The benchmark opened lower but soon the Sensex rose as much as 758 points from the day’s low and the Nifty 50 reclaimed its crucial psychological level of 17,500 after hitting an intraday low of 17,351.
Sensex closed 454 points higher at 58,795 and Nifty 50 index rose 121 points to 17,536.
Vijay said, “If Nifty is able to stay above 17,500, then it can move towards 17,600-17,700 levels. Momentum indicators like Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicate positive momentum in the market. giving.” Dhanotia, Head of Technical Research at Capital Via Global Research.