Market Today : The market momentum seems to be in top gear. Nifty has crossed 26200 today with a jump of more than 170 points. Nifty is just a few steps away from its new peak. In today’s trading session, RIL, HDFC Bank, Axis Bank and Eicher Motors have energized the market. There is also a rise in Bank Nifty. Midcap and smallcap are also seeing growth.
Today maximum buying is being seen in Defence, Capital Market and NBFCs. These three indexes have increased by about one percent. Also, selected auto shares have also rallied. With a rise of three percent, Eicher’s share has become the top gainer of Nifty. At the same time, pressure has been seen in government banks, realty and pharma today.
Market: ready for new highs
In such a situation, while talking about the further movement of the market, CNBC-Awaaz Managing Editor Anuj Singhal said that Nifty is seen crossing 26,200 for the first time in 2025. Nifty has come from 25,850 to 26,200 in 3 days. Those who bought in the fall have got huge profits. Now the question is, what after the all-time high? Today RIL has shown leadership and banks have supported.
Market: What next?
Anuj Singhal further said that all-time high is a milestone, not a destination. If there is a long view then all-time highs do not matter. Once above 26,300, there will be strong short covering. For the second consecutive month, FIIs are in dire straits by shorting.
Now there is strong momentum in our market. FIIs had sold at 25,600 and will now buy at 26,500. Hang in there and keep bringing SL up. There will now be 26,050 new Trailing SLs.
strategy on nifty
Anuj Singhal is of the opinion that the next resistance for Nifty is at 26,250-26,300 and after that there is a big resistance at 26,450-26,500. Now the first support for this is at 26,100-26,150. At the same time, the major support is at 26,000-26,050. Talking on Bank Nifty, he further said that the second big target of 59,500 is now very close. After this the final of 60,000 is a big target. After that we will review. Now keep a strict SL of 59,000. This market should not be shorted at all.
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