Nifty holds 16,600 amid expiry day volatility. Key levels to watch tomorrow
For Nifty, 16700 is acting as an immediate hurdle but if the index manages to sustain above this level then a short-covering move towards the 16,900 level could be expected, say analysts
Indian stock markets ended flat on the expiry of monthly derivatives contracts with losses in Bharti Airtel and metal stocks offset by gains in index heavyweight Reliance Industries. The blue-chip NSE Nifty 50 index ended marginally higher at 16,636.9, while S&P BSE Sensex settled flat at 55,949. The broader markets outperformed with both BSE midcap and smallcap indices ending 0.3% higher.
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