NIFTY50 SETS STAGE FOR TEST OF ITS ALL TIME HIGH

After a couple of dulls of trading, the markets suddenly sprung to life in the last 30 minutes of trading today. That was enough for the Nifty50 to close above the crucial 18400 level and set the stage for the onslaught at the All Time High at 18605...... we are just 200 points away from that. At the same time, the Nifty Bank Index also got into the act.... helped by SBI, ICICI Bank, Bandhan Bank and Axis Bank. The Nifty Bank Index hit a New All Time today at 42,450 and we should now be looking forward to further gains from this Index. It will be surprising if the Nifty Bank does not go on to test the 46800 level. As pointed out in my last note, we should be expecting the Nifty50 to target the 19125 once the 18605 resistance is breached. #nifty50 #sensex #trading #technicalanalysis #fundamentalanalysis