Indian equity indices opened Wednesday’s trading session on a higher note. The NSE Nifty 50 rose 37 points or 0.14% to open at 25,973. The BSE Sensex opened 90 points or 0.11% higher at 84,718.

The Bank Nifty opened 79 points or 0.14% higher at 58,116. However, the small and midcap stocks opened the day on a flat note. The Nifty Midcap rose 10 points or 0.02% to open at 59,775.

“We believe that the intraday market structure is volatile and directionless; therefore, level-based trading would be an ideal strategy for day traders. On the upside, 26,000 and 26,050 will be key resistance areas, while 25,800 could act as a crucial support zone for the bulls. A successful breakout above 26,050 could propel the market towards 26,150–26,200,” said Shrikant Chouhan, Head of Equity Research at Kota

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