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On February 29, Indian benchmark indices concluded positively despite high volatility. The Sensex closed higher by 195.42 points at 72,500.30, while the Nifty ended up 31.60 points at 21,982.80.
The Nifty started the day flat and remained in consolidation mode for the majority of the session. However, a sudden surge occurred in the last trading hour, propelling the Nifty significantly higher, and it closed the day comfortably in positive territory.
According to our experts, a crucial support level is identified at 21900. As long as the index remains above this level, there’s a possibility of witnessing a recovery. However, if the index falls below 21900, it could potentially decline further towards 21750.
