Stock Market Live Update | Anuj Singhal\'s Market Outlook
- Markets are looking for a very strong Friday
- Nifty 50 closed at a record, midcaps are stable
- Midcap and Smallcap index 2.5 percent away from new record
- Market going up despite rising dollar, crude and bonds
- Today may again belong to midcaps, especially midcap IT
- HDFC Bank in focus in the last 30 minutes on FTSE flows
- Directionally, HDFC Bank is showing signs of leadership
- Metals will keep shining on the China factor
- Thursday\'s high of 20,167 is first resistance for the Nifty 50
- Bigger, options-based resistance is 20,285
- First support for the Nifty 50 is Thursday\'s low of 20,043
- Bigger support on the downside is 19,950
- Nifty Bank just 370 points away from a record high
- All Nifty Bank components looking strong
- HDFC Bank, SBI showing signs of hitting new highs
- If Index sustains above 46,369, a move towards 48,000 will begin
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