Mumbai, Nov 28 || The Indian stock market opened flat on Thursday as buying was seen in the realty sector in early trade.
At around 09:39 am, the Sensex was trading at 80,194.06 after falling 40.02 points or 0.05 per cent, while the Nifty was trading at 24,277.25 after rising 2.35 points or 0.01 per cent.
The market trend remained positive. On the National Stock Exchange (NSE), 1,792 stocks were trading in green, while 464 stocks were in the red.
Nifty Bank was up 224.35 points or 0.43 per cent at 52,526.15. Nifty Midcap 100 index was trading at 56,653.70 after gaining 381.35 points or 0.68 per cent. Nifty Smallcap 100 index was at 18,668.15 after gaining 165.30 points or 0.89 per cent.
Akshay Chinchalkar of Axis Securities said, "Nifty has traced a bullish pattern within a three-day range spanning the 24,125-24,350 area. This is a very rare occurrence as each of the three candles has a similar high-to-low range, with the pattern becoming especially important post the Monday gap-up".
The immediate hurdle to monitor is 24,360, above which the next resistance sits around 24,540. Critical support lies at 24,120, with bears gaining the upper hand only on a daily close below 23,956," he added.