Technical Analysis on Indian Nifty Market

BSE Sensex and Nifty moved higher today, aided by higher global markets and optimism about recovery in the Indian economy.

Hopes that the European Central Bank (ECB) will launch further stimulus programs to boost the economy have kept global market sentiment upbeat.

The Sensex rose 130 points to 26,572 while Nifty added 35 points to 7,940. Gains were broad-based with all the sectoral indices on the BSE higher, except the IT index.

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