After a break of 5 years 10 months, Sensex registered an all time high in today's trade. But given the macro scenario, the big question of the hour is, will this rally continue?
Read on to know what Mudit Goyal, Technical analyst at SMC Global has to say and what are his picks for Diwali this year.
Markets have come off day's high in noon deals. Do you see the momentum in the current rally waning?
As per the chart, everything is good for near term. Today, Nifty has just short from their all time but momentum is still positive. One can initiate long at current levels for the upside target of 6380-6420 levels in coming days.
What are the levels on Sensex and Nifty one should watch out for?
Key levels for Nifty are 6400-6420 on upper side and 6225-6170 for lower side. Key levels for Sensex are 21600-21900 on upper side and 20800-20600 for lower side.
What is your take on ITC and RIL which corrected today?
