Stock market benchmark indices Sensex and Nifty rallied for the third straight session and ended at their fresh all-time high levels on Wednesday in tandem with Asian peers and buying in Reliance Industries.
The 30-share index climbed 621 points to settle at a new closing peak of 78,674. The Nifty went up by 148 points to a record closing peak of 23,869.
The present upside momentum could find resistance at the highs of around 24,000-24,100 levels (1.786% Fibonacci extension of crucial bottom/top/bottom of 2020-2022) and one may expect next round of consolidation or minor weakness to emerge from the highs. Immediate support is at 23,650 levels, said Nagaraj Shetti of HDFC Securities.
