Nifty 50 remains above 20,150; Bajaj Auto trades at a record high

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