The index opened with a gap up and rallied by 137 points to close around 8750. It maintained positive sentiment throughout the whole trading session and made a fresh 52 week high. The bulls maintained the spirited rally and gave a smart breakout. The level of volatility decreased in the second half. On the daily chart the index formed a bullish marubozu type candlestick pattern. From hereon we can expect the index to move higher.
Under Asian indices Nikkei 225 closed marginally down.
Both Maruti and Bajaj Auto gave a smart breakout and closed at 52 week high.
Click the video to know more
https://www.youtube.com/watch?v=BQckhIgAZKI&index=3&list=PL7MtveKejYAhMn9Acv8tzPV62aau0RU77
