India Technical Analysis

Nifty — The index opened on a strong note and traded positive throughout the day’s trading session. It ended the day with gains of 123 points.

10 & 20 day moving average — The index has closed around the 10 dma = 5756 and 20 dma = 5776. Intra-day strength can be expected on index sustaining above the 5776 level, and the index can test 5855 levels. Intra-day support is around 5690; lower support is around 5600 levels.

Conclusion — Expect higher levels around 5855 levels.