![]() In fact, if momentum persists, we will see Nifty clocking fresh record high this week itself. ![]() For the coming week, 18200-18000 would now be seen as a sacrosanct support zone, whereas on the flipside, testing 1840 is clearly on cards. Technically speaking, the price configuration looks promising, because Nifty finally managed to surpass the multiple times tested trendline resistance above 18200-18000 with some authority. ![]() The banking index has finally achieved this milestone and soon we would see Nifty following these footsteps. We are not surprised with this move as we have been quite vocal on how strong our markets are and soon, we would see BANKNIFTY crossing 42000 to mark new highs. “The benchmark index Nifty added more than a percent last week and, in the process, it closed at highest level in the calendar year. ![]()
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