Nifty Today After opening in red, Nifty made an intraday low of 10657.70 but bounced back later in the day aided by private banks and the financial sector. Since the last several days, Nifty has been trading above 50 days moving average with an upward rising channel formation which suggests a further upside movement. Based on the above technical structure, we expect Nifty resistance at 10850-10900 while downside support comes at 10570. The Nifty traded in a range today with an upward bias. We went closer to the support level of 10650 by touching an intraday low of 10690 and sprung back to cross 10800. For the upside momentum to continue we would need to go past 10850 which should take us to 11000. If we are unable to cross 10850, we might witness a rangebound movement between 10650 and 10850. Get nifty tips with one of the best nifty tips provider company in India. In a highly volatile trading session, the rupee witnessed an intra-day high of 74.68 and a low of 74.97 against the US d