Stock market news: The BSE Sensex increased 142 points to close the previous session at 60,806, while the Nifty50 increased 22 points to finish at 17,893.
On February 10, the market is likely to open down due to patterns in the SGX Nifty, which point to a negative start for the larger Indian index with a loss of 102 points.
The BSE Sensex increased by 142 points to end the previous session at 60,806, while the Nifty50 increased by 22 points to finish at 17,893 after finding solid support at the 17,800 level for yet another session. The closing was close to the opening levels, forming a Doji pattern on the daily charts, indicating uncertainty among bulls and bears about the direction of the market.
The pivot charts show that 17,811 is the critical support level for the Nifty, followed by 17,779 and 17,726. The major resistance levels to watch out for on an upward movement of the index are 17,916, followed by 17,948 and 18,000.
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