Undertone steady amid profit-booking

Nifty index opened positive and maintained its momentum throughout the day and bulls drove the index higher to 25220 marks.

- Motilal Oswal Team

It has moved by around 650 points in the last four sessions and elated the market sentiment. However it witnessed profit taking in the last hour and gave up most of its intraday gains. It formed a small bodied candle on the daily frame and has been making higher highs - higher lows from the last four sessions. Now it has to hold above 25050 zones for an up move towards 25250 then 25350 zones while supports can be seen at 25000 then 24900 zones.