Technically, the failed to sustain higher levels, and continuous selling pressure was witnessed throughout the session.
The short-term texture of the market is non-directional, and range-bound activity is likely to continue in the near future. On the downside, 75,000-74,500 remain the crucial support zones, while 75,800-76,000 could act as key resistance areas for the bulls. On the positive side, a breakout above 76,000 could push the market up to 76,300-76,500, while below 74,500, it could retest the levels of 74,000-73,800,” said Shrikant Chouhan, Head of Equity Research at Kotak Securities.