Fresh high is waiting to hit again: Gift Nifty

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Indian Markets are going like unstoppable at the year end. Today also Nifty 50 may open gap up and create fresh all time high.

  • SGX Nifty indicates gap-up opening.
  • Global markets also ended up in green.
  • Option chain also indicates markets will go up.
  • At 21,600 points markets shout up yesterday and few days back from this point markets fell to nearly 21100, it may be point of strong or resistance support today.
  • Zomato receives show cause notices from GST on 26th.
  • Brainbees Solutions Private Limited files files IPO papers (In this company M&M is going to divest up to 2%)
  • Indian Banks asset improved says RBI.
  • RBI grant permission for merger of IDFC and IDFC Bank.
  • Axis bank moves to NCLT on insolvency against Zee Learn.
  • Finally, today markets may be in bullish trend, but as it was at all time high point, we need to be carefull with support points.