Tech view: Sensex may hit 54,000 within next six months, charts show

The S&P BSE Sensex achieved a historical milestone on Thursday when it crossed the level of 50,000 for the first time ever. 

The liquidity-driven rally in the stock markets across the globe has seen the domestic benchmark indices rebound from March lows and scale fresh new highs almost on a daily basis. In fact, Sensex has already rallied 94.2 per cent (till Wednesday's closing) from its March low of 25,639. 

At the same time, the Indian markets are extremely stretched with market-cap exceeding 115 per cent of GDP with an expensive PE Ratio of 40x. Moreover, RBI governor Shaktikanta Das has