The benchmark index had a gap opening of around 50 points in anticipation of the Union budget. With the zone near 21800 continuing to act as immediate overhead resistance, the price action succumbed to mild selling pressure after marking an intraday high of 21832. It closed marginally below 21700 in a volatile trading session on a relatively lower volume, while VIX plunged 9.9% intraday. With 20DMA now acting as immediate support, the index is anticipated to attract bullish strength on surfacing above the polarity resistance near 21800 decisively on a closing basis.
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