"Following a rapid rebound from its positional support at 21500, bullish activity has resumed in the market, with buying interest evident during dips. The prevailing sentiment is bullish, but Nifty encounters initial resistance at 21750, facing selling pressure. Immediate support rests at 21600. A conclusive close above 21750 levels could propel Nifty towards the 22000 mark, signaling further upward movement," said Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities.
Foreign institutional investors (FIIs) sold shares worth Rs 855.80 crore, while domestic institutional investors (DIIs) purchased Rs 410.46 crore worth of stocks on January 1, provisional data from the NSE showed.
Foreign institutional investors (FIIs) bought shares worth Rs 1,459.12 crore, while domestic institutional investors (DIIs) purchased Rs 554.39 crore worth of stocks on December 29, provisional data from the NSE showed.
A long build-up was seen in 103 stocks, which included National Aluminium Company, Balrampur Chini Mills, Samvardhana Motherson International, Tata Consumer Products, and M&M Financial Services.
The S&P 500 registered an ominous sign in a centuries-old charting technique, which could indicate a coming reversal of bullishness in the closely watched.