PreMarket Motilal Oswal 24th May

Nifty opened the day with big downside gap and made a low of 4842, which is very near to lower band of seven-month-old channel, thereafter it started making higher tops and higher bottoms on the intraday chart. The afternoon session was highly volatile but in the last hour of trade, Nifty was comfortably trading above the 4900 mark. In made a high of 4943 and finally closed at 4931 with a marginal loss of 0.33 per cent. The Advance Decline ratio was almost 1:3. On the daily chart, it has made a 'Hammer'...

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