NIFTY50 HITS A NEW ALL TIME HIGH

The 13 month wait is over.... the Nifty50 has just hit a New All Time High. The current move has received broad based support from across sectors .... Banks and Financial Sector, Auto, Software apart from conglomerates like Reliance and L & T. Only the FMCG sector has failed to join the party so far. Having broken this major hurdle, we should now be expecting the Nifty50 to head towards the 19125 level. Weakening Crude and USD will only help strengthen the positive sentiment. The charts suggest further scope for gains. The Index will have to break below the 18,100 level for a trend reversal and at this point, that possibility is remote. #nifty50 #sensex #technicalanlaysis #investments #fundamentalanalysis #crude