scorecardresearchTechnical View: Nifty rebounds sharply from 15,800; analysts see strong support at 16,000

Technical View: Nifty rebounds sharply from 15,800; analysts see strong support at 16,000

Updated: 20 May 2022, 04:59 PM IST
TL;DR.
  • All sectoral indices ended in the green with media, metal and realty indices jumping over 4 percent each. Nifty Bank index rose 2.88 percent.
Nifty opened at 16,043.80 against the previous close of 15,809.40 and touched intraday high and low of 16,283.05 and 16,003.85 respectively, before ending 457 points, or 2.89 percent, higher at 16,266.15. Photo: Pixabay

Nifty opened at 16,043.80 against the previous close of 15,809.40 and touched intraday high and low of 16,283.05 and 16,003.85 respectively, before ending 457 points, or 2.89 percent, higher at 16,266.15. Photo: Pixabay