Yesterday, the National Stock Exchange (NSE) Nifty index opened on a flat note but as the day progressed the index managed to trim losses in the last hour of trade to close above 11,450 levels on Wednesday.
It opened at the level of 11,514.85 from its previous closing level of 11,520.30 and closed at 11,476.95. During its trading session, it hits an intraday low of 11,393.85. The Nifty 50 hold on its critical support placed at 11,400 levels and made a bearish candle which looked like a “Hammer” like the pattern on daily charts.
The Nifty bank index closed at 27,376.05, down 54.70 points on yesterday.
Taking cues from global sentiment and previous trading session, it is expected to see positive sentiment in today’s trade.