Volatility moderates, broader trend positive

Nifty index has been making higher highs - higher lows for the last three sessions

- Motilal Oswal Wealth Management

Nifty index opened positive and moved in a consolidated band of almost 100 points throughout the session.

It went on to touch 26233 marks but sank slightly lower towards the concluding hour and closed flattish after a lackluster session. It formed a doji sort of a candle on the daily frame and has been making higher highs — higher lows from the last three sessions. Now it has to continue to hold above 26150 zones for an up move towards 26250 then 26325 zones while supports can be seen at 26050 then 25950 zones.