INSUBCONTINENT EXCLUSIVE:
NEW DELHI: The Nifty50 settled flat amid choppy trade on Tuesday
The upside remained capped in the coming sessions, say analysts.
A special Mahurat Trading session will be conducted on NSE and BSE on
Nifty is facing stiff resistance at 10,600
said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.
For the day, the index rose 6 points, or 0.06 per cent, to 10,530
It formed an indecisive candle on the daily scale, as followup support was missing on either side.
The index has been consolidating in the
10,450-10,600 range for past three sessions
It has to continue to hold above 10,450 to extend the upward move towards the 10,650 -10,750 zone, said Chandan Taparia of Motilal Oswal
Multiple supports are seen at 10,450 and 10,380 levels, he said.
Mazhar Mohammad of Chartviewindia.in advised traders to stay away from
longside bets, till Nifty50 registers a breakout above 10,600 on a closing basis
The twin momentum oscillators are in the sell mode, which are usually good to signal short-term turning points, he said
