Moneycontrol
Last Updated : Jan 18, 2018 10:03 AM IST | Source: Moneycontrol.com

Markets@Moneycontrol: Will key indices manage to scale new peaks?

If the index starts to move higher, key resistance levels to watch out are 10,838.73 and 10,888.97.

Indian market started on a muted note on Wednesday but picked up momentum in the mid-morning day as both Sensex and Nifty rose to fresh record highs. The S&P BSE Sensex climbed peak 35,000 for the first time while Nifty hit a record high of 10,803.

The Nifty closed at 10,788.5 on Wednesday. According to Pivot charts, the key support level is placed at 10,702.53, followed by 10,616.57. If the index starts to move higher, key resistance levels to watch out are 10,838.73 and 10,888.97.

The Nifty Bank closed at 26,289.1. Important Pivot level, which will act as crucial support for the index, is placed at 26,029.0, followed by 25,768.9. On the upside, key resistance levels are placed at 26,442.5, followed by 26,595.9.

For more, watch the Markets@Moneycontrol show. Moneycontrol Associate Editor Kshitij Anand speaks to Sakshi Batra on the trends to watch out for today.
First Published on Jan 18, 2018 09:00 am
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