Volatility reappears, indices close lower

Nifty index opened positive and escalated in the first half of the session and crossed 24750 zones. However, it failed to hold at those levels and sunk, giving up its intraday gains and slipping to 24500 zones.

- Motilal Oswal Team

Nifty index opened positive and escalated in the first half of the session and crossed 24750 zones. However, it failed to hold at those levels and sunk, giving up its intraday gains and slipping to 24500 zones. It witnessed a sharp fall towards the end and closed with losses of around 50 points. It formed a bearish candle on the daily frame and has again got stuck in a broader range. Now it has held above 24442 zones for an up move towards 24750 then 24850 zones, while supports can be seen at 24442 and 24350 zones.