HDFC Securities says next resistance on Nifty will be around 14800, support at 14550
HDFC Securities says Indian equity benchmark indices rose for a second day in a row on Jan 20 with Nifty making new intraday record highs. At close, the Nifty was up 123.50 points or 0.85% at 14,644.70. Volumes on the NSE were higher than the previous day. Among sectors, Auto, IT, PSU Banks and Media rose the most while FMCG ended marginally in the negative.
Nifty made a new intraday high reflecting the underlying strength in the indices. Its close was the highest ever. Volumes after rising post Jan 04, have come back to normal: Reuters