News > Nifty above 17,800, Sensex gains 672 pts led by power, oil & gas, banks

Nifty above 17,800, Sensex gains 672 pts led by power, oil & gas, banks

Economic Times | 04/01/2022 04:14 PM | Click to read full article

The benchmark index was up consecutively for the second day in a row as heavy weight Reliance Industries supported the upside move with 2% gains. 

Technically, the Nifty index has managed to sustain above the prior swing high of 17639.50 levels, which indicates a bullish presence for the coming day. Moreover, the Nifty has also moved above Upper Bollinger Band formation and 50-Days Simple Moving Averages that suggests a bullish trend.