Nifty View: The benchmark Nifty comfortably scales above the 18K mark with today’s 170 points up move. Excellent sectoral support cami in from AUTO, METALS and ENERGY stocks. The weighty banks and financials too sustained their recent gains to male sure that the index manages a firm close above 18K. We have a new life high now. Considering the fact that the short term momentum is indeed stretched, we may face some consolidation in tomorrow’s session. Add to this possibility that we have a trading holiday on Friday, and so short term traders may use tomorrow’s momentum to book profits and lighten up their overnight positions. Please watch the video for a detailed analysis of the index and stocks.
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