HDFC Securities says 14382-14432 is the crucial support band for the Nifty in the near term.
HDFC Securities highlights that Indian equity Benchmark indices ended little changed on Jan 13 after a highly volatile session. Nifty opened the gap up, rose initially and later ran into gradual profit taking. Post 1250 Hrs a steeper selloff (probably basket selling by an institution) followed. However due to lack of followup selling, markets recovered to close almost flat at the end of the day. At close, the Nifty was up 1.40 points or 0.01% at 14564.90.
One needs to be careful and keep long positions under control and keep taking profits on trading and some investment positions. 14382-14432 is the crucial support band for the Nifty in the near term: Reuters