MUMBAI: Benchmarks turned choppy after a positive start due to lack of buying activity at higher levels after a rally in previous session. Robust quarterly earnings report from TCS and sustained buying activity in Reliance Industries provided support some support to the indices.

“Momentum oscillator Stochastics has triggered a buy signal from oversold conditions, whereas other oscillators continue to point lower. Nifty has to now move decisively above the 6127-6165 resistance band to rule out the bearish stance in the medium-term.

If it is unable to do so, the lower high lower low sequence continues on the weekly chart reinforcing the downside risks. It is prudent to take a directional view on the index only on the break of important levels in either direction.

Global equity indices have entered a zone of sideways trade as they consolidate below the early October highs. A decisive move above the highs is required to instill confidence among the bulls,” said Edelweiss report.

At 10 am, National Stock Exchange’s Nifty was at 6099.90, down 1.6 points or 0.03 per cent. The index touched a high of 6121.10 and low of 6079.70.

Bombay Stock Exchange’s Sensex was at 20280.82, up 20.24 points or 0.10 per cent. The index touched a high of 20351.74 and low of 20222.97.