Mkt ends off highs; may trade in range

Nifty index opened gap up by over 250 points and touched intraday high of 24980 zones. It inched just few points away from the psychological 25k marks and witnessed profit booking thereafter.

- Motilal Oswal Team

Nifty index opened gap up by over 250 points and touched intraday high of 24980 zones. It inched just few points away from the psychological 25k marks and witnessed profit booking thereafter. It remained negative to muted for the rest of the day and dropped to 24700 zones. It formed a big bearish candle on daily frame as it gave up its opening gains but has been making higher lows from the last four sessions. Now it has hold above 24700 zones for an up move towards 24850 then 25000 zones while supports can be seen at 24650 and 24500 zones.