Mumbai, Oct 28
Indian stock markets ended lower on Tuesday after a volatile trading session, as investors booked profits in select sectors and adopted a cautious approach.
The Sensex slipped 150.68 points, or 0.18 per cent, to close at 84,628.16, while the Nifty declined 29.85 points, or 0.11 per cent, to settle at 25,936.20.
"The overall chart setup on the daily timeframe remains intact, with the Nifty trading well above the 21EMA, keeping the bullish bias intact,” analysts said.
“The RSI is in a bullish crossover and remains in the high momentum zone. In the short term, the index may witness a decent rally as momentum picks up above 26,000,” they added.
“On the higher end, resistance is seen at 26,300, while support is placed at 25,850," experts mentioned.