Tech View: Sensex, Nifty see volatile sessions, but trend remains positive

The benchmark indices are holding the positive sentiment

Markets have remained volatile over the past few sessions, mainly owing to stock-specific actions with respect to quarterly numbers, Budget proposals and coronavirus outbreak on the global front. 

Here's a look at how frontline indices S&P BSE Sensex and Nifty, and other major indices look on the technical charts - 

NIFTY 50: In the recent past, the index has broken major support levels with aggressive selling pressure. However, it could manage to hold the losing momentum around 200-day moving average (DMA) placed at 11,655 levels on the closing basis. The reversal having gap up close, was seen with added volumes regaining