HDFC Securities says 14040-14215 band is the next support area for Nifty while 14358 could act as a resistance
HDFC Securities highlights that the Indian equity benchmark indices witnessed profit taking for the second consecutive day on January 18 on the back of soft global markets. A second round of fall post 1410 Hrs took the Nifty down to close almost at its intraday lows, the average value of the last half hour however was higher. At close, the Nifty was down 152 points or 1.1% at 14281.
The Nifty 14040-14215 band is the next support area. On rises 14358 could act as a resistance: Reuters