Top Gainers and Losers Today : The Sensex gained 354.45 points, or 0.47, to settle at 74683.7, while the Nifty gained 111.05 points, or 0.49, to close at 22642.75.
The recent consolidation in Nifty amid weak global cues indicates time-wise correction and traders should maintain a positive bias until the Nifty holds 22,200 level, sayd Ajit Mishra, SVP - Technical Research, Religare Broking.
When the closing price falls below the VWAP, it signifies that the closing price is lower than the average price at which it was traded throughout the day, with the average being weighted by trading volume.
Looking ahead, immediate resistance levels for the Nifty are observed at 22,500 followed by the 23,000 mark. On the downside, crucial support levels are identified at 21,850 and 21,530