Nifty - Technical Outlook:
The Nifty index opened higher with a significant gap on the back of banks recapitalisation announcement. As a result, the Nifty index surpassed its previous all-time high and hit a fresh high of 10329.
In that optimism, index registered a record closing high and gain 0.86%. During the day, the BSE Sensex managed to surpass its previous all-time high and closed above 33000 marks for the first time.
Although, index closed at record high, the market breath was in the favour of decline side. Going forward, 10345 / 10395 are the near term resistance whereas 10240 / 10195 are the near term support.
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