Nifty likely to see upper range of 14800-14900 levels, HDFC Securities says; places immediate support at 14420
Indian benchmark equity indices saw a rebound from two-month lows after a bout of short covering that took the indices higher from lower levels, HDFC Securities said. Nifty kept making higher highs and higher lows through the day. At close, the Nifty 50 index gained 1.4% or 194 points to end at 14,504.8. Reports of fall in incremental Covid cases and higher recoveries stabilised sentiments in the markets today
Nifty respected the double bottom of 14264 made on April 12 (low made on April 13 was 14275) and bounced back smartly, the brokerage further said: Reuters