Indian shares ended higher on Thursday as investors picked beaten down counters, including technology stocks that lost ground on disappointing quarterly results from software services exporters Infosys Ltd and Tata Consultancy Services Ltd. Banking stocks also fell down today. The Nifty50 closed up 0.36 percent at 9,136.40, posting its first gain in six sessions. The benchmark Sensex ended 0.29 percent higher at 29,422.39.
Expert View For Tomorrow – Best Nifty Tips
The Nifty index negated its formation of making lower lows seen in the last nine trading sessions and formed a Bullish candle on the daily chart. It made a short-term bottom at 9,075 with the occurrence of Bullish Hammer. The index will pick up momentum if it manages to hold above 9,135 for the next target of 9,218 and then towards 9,250 zone while on the downside supports are seen at 9090 then 9050 zone.