Daily Market Wrap - Sep 25, 2020 - Angel Broking

Mr. Aamar Deo Singh - Head Advisory, Angel Broking Ltd

"Markets witnessed a sharp rebound in today's session on the back of positive global cues, and technical buying coming in at lower levels. Nifty 50, the benchmark index, jumped 2.26% to close @ 11050. Advances outnumbered declined by over 6:1, while at the same time, 47 stocks out of Nifty 50 closed in the green. Amongst the Top 3 Nifty gainers were Bharti Infratel, Bajaj Finserv and Indusind whereas the only Nifty losers today were BPCL, UPL and HDFC Life. Today's pullback hints at bulls still retaining an upper hand but for Nifty to see any meaningful upside, sustaining above 11200 is very crucial. Immediate support is seen around the 11750-11800 zone."

Source : Equity Bulls

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