business

Market Live: Stock market open today; Holiday on Monday| Nifty poised for strong start| RIL in focus

The Nifty 50 started off the day on a strong note and remained rangebound with a positive bias throughout the session on January 19, wherein the 21,550 acted as a key support area. The index rebounded after three-day weakness, given the oversold condition, but experts feel the sell on rally strategy will be advisable till the index closes above 22,000 mark by filling the big downside gap created on Wednesday, and they expect 21,700 to be critical for further upside. The Nifty 50 opened the day higher at 21,615 and hit a day's high-low of 21,671-21,575 amid rangebound trade. It closed with 160 points gains at 21,622.Among stocks in focus will be RIL, HUL, ICICI Bank and Kotak Bank. Catch Nandita Khemka in conversation with Mayuresh Joshi, Head of Equity Research, William O’Neil India and Rohan Shah, Technical Analyst, Religare Broking.

first published: Jan 20, 2024 08:39 am