Wednesday, March 6, 2024

SENSEX CROSSED 74K AND NIFTY AT ALL TIME HIGH !!!!! UPTREND RALLY CONTINUES.🔥🔥🔥🔥

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The domestic market benchmark, the Sensex, hit a fresh record high, surpassing the coveted 74,000 mark for the first time, while the Nifty 50 also reached a new peak in intraday trading on Wednesday, March 6th, on gains led by banking heavyweights, including Axis Bank, ICICI Bank and Kotak Mahindra Bank. Finally, the Nifty 50 closed at 22,474.05, up 118 points, or 0.53 per cent, while the Sensex settled at 74,085.99, up 409 points.

Thus, both indices settled at their fresh closing peaks.

Top Nifty 50 gainers today

As many as 35 stocks ended in the green in the Nifty 50 index among which Bajaj Auto ,Kotak Mahindra Bank  and Bharti Airtel  closed as the top gainers.

Top Nifty 50 losers today

Shares of Adani Enterprises ,NTPC and UltraTech Cement closed as the top losers in the Nifty 50 index.

Technical views on markets

It was observed that after the early morning correction, the market took support near 22,250 reversed sharply. It also formed a long bullish candle on daily charts, which supported a further uptrend from the current levels.

For the traders now, 22,350 would act as a key support level to watch out. Above the same, the market could continue the positive momentum till 22,575-22,600.On the flip side, below 22,350 traders may prefer to exit from the trading long positions,

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