Indian equity markets staged a sharp rebound on Friday, recovering a substantial portion of the previous session’s losses as bargain buying and improving global cues lifted investor sentiment. The Nifty 50 advanced 288.65 points, or 1.30%, to close at 22,520.45, while the Sensex gained 879.09 points, or 1.23%, to settle at 72,472.33.
According to Ponmudi R, CEO of Enrich Money, the Nifty 50 has immediate support at 22,450, followed by 22,300, while resistance is placed around 22,600. A sustained breakout above the 22,600 mark could pave the way for a further recovery towards 22,800.
