The Nifty ended Tuesday’s trading session with a subtle gain of around half a percent at 10,699.90 due to global cues. The market remained rangebound throughout the day as traders remained cautious ahead of Q1 earnings beginning next week.
The index continues to oscillate back and forth in a broader range. The upper end of the range is placed around 10,850 levels while the lower end is positioned at 10,550.
If the Nifty manages to breach 10,850 levels on the upper side on a closing basis, then it can resume the uptrend, taking it to higher levels of 10,930 and 11,014. However, a trade below 10,550 can trigger a correction to 10,440 and 10,360 levels.
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