What an exciting day as Nifty broke its big resistance of 16000 with style and rented at its all-time high of 16130, up by 1.55%.
The FIIs finally started buying and that too for a net of Rs. 2116.6 crores and DIIs turned tables and sold for a net of Rs. 298.54 crores.
On a daily chart, Nifty shows a bullish move to go more upwards, however, after such a big rally, we might see a small consolidation before it goes up. Imagine how this week's expiry would be?
Every sector went up today except metal and media, after all, they were on a rally for some time now, hence consolidating. However, we need to watch out for SBI results tomorrow and see their effect on the Nifty.
Titan rallied before its results and look for an opportunity to enter if there is a profit booking after results there, also HDFC went up after their great results.
The steel sector was down and the same can be seen as the steel stock is part of the top losers today.
That's it, for now, team, let's enjoy the day and meet tomorrow on the pre-market report.