HDFC Securities says next upside targets on Nifty to be watched is 14600
Indian benchmark equity indices reversed the two day loss on Jan 08 ending the week on a strong note. At close Nifty settled 210 points, or 1.48 percent, up at 14,347.25. The Nifty opened with an upgap and remained sideways with an upward bias till late afternoon. Post 1430 Hrs another spurt of buying took Nifty up. The Nifty gained 2.35% for the week, gaining for the 10th consecutive week –its longest winning streak since June 2009.
Nifty closed at another record high. After showing a choppy trend in the last couple of sessions, Nifty witnessed hefty gains on Friday and closed the day higher by 209 points: Reuters