The Nifty50 after opening at 10,742.70 traded lower in the morning to hit day's low of 10,710.45, but recouped all those losses in afternoon and then turned strong in the last hour of trade to hit an intraday high of 10,837. It ended at 10,821.90, higher by 80.80 points from the last close.
The Nifty is few points away from 10,850, the crucial level for bulls to gain strength and move towards earlier record high, experts said.
According to Pivot charts, the key support level is placed at 10,742.53, followed by 10,663.27. If the index starts moving upwards, key resistance levels to watch out are 10,869.03 and 10,916.27.
The Nifty Bank index closed at 26,766.8 on Friday. The important Pivot level, which will act as crucial support for the index, is placed at 26,485.13, followed by 26,203.46. On the upside, key resistance levels are placed at 26,927.53, followed by 27,088.27.
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