The Nifty 50 surged 1.6% on October 13, forming a bullish engulfing pattern and closing above the previous day's high, led by IT stocks. The index has defended the 22,200 support level for three sessions after hitting an 18-month low on October 8. Immediate support lies at 22,500–22,600, while a decisive break above 22,800–22,900 is needed to sustain momentum.
Nifty 50 Rebounds 1.6% on IT Stocks, Key Support at 22,200
Source: Moneycontrol