HDFC Securities: UPWARD MOMENTUM! Market is inching towards upper trajectory of 13500-13600 levels gradually
The upside momentum continued in the market for the fifth consecutive session today, and the Nifty closed the day with another handsome gain of around 97 points. After opening on a weak note, the market has shifted into a sustained upmove, which continued for the entire session. The mid-part intraday decline has been used as buy on dips opportunity and Nifty closed near the new high.
The overall market breadth continued to be positive today and the broad market indices like midcap 100 and small cap 100 have closed with fruitful gains of 1.14% and 1.26% respectively: Reuters