Sensex, Nifty closed 0.09% higher on Thursday. All eyes will be on the Union commerce minister Piyush Goyal’s press conference at 4 pm. Markets are anticipating the European Central Bank’s policy decision as it is expected to claw back stimulus today, taking a token step towards unwinding the pandemic mandated emergency aid.
Nifty traded in a sideways trend today. It took support around 17,300 where it saw some buying and then closed around yesterday’s close at 17,357. 17,250 and 17,300 will continue acting as strong support levels for Nifty. On a closing above 17,450 , Nifty may test levels of 17,500 and 17,550. Overall the trend in Nifty remains bullish and we may see new all time high in the next few trading sessions.”