Indices up amid bullish undercurrent

Nifty index opened positive and exhibited persistent buying interest throughout the day and surpassed the psychological 25k barrier to inch towards 25100 levels.

- Motilal Oswal Team

It has moved by around 500 points in the last three sessions and sustained strength confirmed the bullish undertone. It has formed a bullish candle on the daily frame and has been making higher highs - higher lows from the last three sessions. Now it has to hold above 25000 zones for an up move towards 25200 then 25350 zones while supports can be seen at 24900 then 24850 zones.