Will Rising Covid Cases Turn Market More Volatile Next Week?

NIFTY WEEKLY PREDICTION & NIFTY TIPS FOR 19-04-2021 TO 23-04-2021

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WEEKLY RESISTANCE FOR NIFTY: 14700, 14900,15000

PIVOT POINT: 14500

WEEKLY SUPPORT FOR NIFTY:  14300, 14100, 13800

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 14650, 15000, 15100

PIVOT POINT: 14600

DAILY SUPPORT FOR NIFTY:  14500, 14400, 14300

DAILY CHART FOR NIFTY

Our markets started the week with a gap down on back of worries over  rising  cases  of Covid-19  in our  country  in this  second wave.  Our markets  completely  ignored  the  global  cues  yesterday  and  post  the gap down, we witnessed a sell-off across and ended the day tad above  14300, with a deep cut of over three and a half percent. On Tuesday, Nifty started marginally positive and approached the level of 14450 in the first hour of the trade. This level coincided around the previous support which now was the immediate resistance. The index hesitated there and pared the gains before noon itself to sneak below 14300. The  index  consolidated for  a  while  in a  range and when it looked that the market was unable to sustain at higher level, the index once again  made an attempt  to  surpass the morning highs. With  the help  of  the  Banking  and  Financial  space,  Nifty  rallied  sharply  in  last couple of hours and ended the day tad above 14500, marking gains of almost 200 points. Wednesday market was closed due to baba ambedkar jayanti. Nifty started the weekly expiry day Thursday marginally positive as the IT giant Infy opened with a gap down post its results. Nifty then corrected for the initial couple of hours to mark a low around 14350. Market witnessed volatile session but manages to end near the day's high level on April 15 despite rising covid cases and wholesale inflation data. At clsoe, the Sensex was up 259 points at 48803, and the Nifty was up 76 points at 14581.  The benchmark indices ended marginally higher on Friday amid positive cues from global markets. At the end of today's session, the Sensex was hovering around 48800 while Nifty 50 closed above 14600. 

NIFTY: A STRONG SUPPORT WILL BE @ 14300; STRONG RESISTANCE LEVEL SEEN @ 14900

We have already seen a week full of action in a couple of sessions with indices showing sharp swings on  both the  days.  Nifty  breached its short term support on Monday, but it reclaimed the 14500 mark next day. The sharp recovery certainly seems enticing, but still we advise not to  get  carried  away  as  we  may  still  not  be out  of  the  woods. The bearish  gap area and  the  ‘20-day exponential moving  average’  at 14700-14900 remains a sturdy wall which could be difficult to surpass.

TECHNICALLY SPEAKING.

A continued surge in the second wave of COVID-19 cases in the country, which already crossed 2 lakh daily cases, has certainly posed a risk to the sustainability of the rebound of earnings momentum. While the government's strong effort to expedite vaccination progress and absence of complete lockdown in Maharashtra and Delhi offered some comfort to equities, the risk of other states taking steps of wider economic restrictions continues to persist, which may continue to weigh on investors' sentiments in the near term. Overall if we see, major indices have gone nowhere as it was a week of boredom and consolidation for them. There were one or two odd days when we witnessed some action in index heavyweights; but didn’t last too long as breakout attempts on either sides were turned unsuccessful. In the upward direction, we were seeing 14900 as a crucial hurdle on a closing basis and after nearly twelve trading sessions, bulls attempted to break this barrier on an intraday basis; but failed to maintain at the close. So 14800 – 15000 continues to remain a sturdy wall and till the time we do not surpass it, major heavyweights are not going to give any sustainable up move. Yes, at the same time, it’s not falling either; in fact the undertone remained bullish for the major part of the week. On the lower side, 14400 followed by 14200 are to be seen as immediate supports.

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 16-04-2021

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Market witnessed volatile session but manages to end near the day's high level on April 15 despite rising covid cases and wholesale inflation data. At clsoe, the Sensex was up 259 points at 48803, and the Nifty was up 76 points at 14581.  

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 15-04-2021

On Tuesday 13 april 2021, the market saw a partial reversal of the speculative unwinding witnessed on Monday. The bulls regained the momentum in afternoon trade, as the see-saw battle between the virus and vaccine tilted towards the latter with the approval of a third vaccine with hope of many more to come. The Sensex advanced 660 points to close at 48544. The index traded in 852-point range during the day. The Nifty rose 194 points to 14504.

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 13-04-2021

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Market ended more than 3% lower on Monday April 12, 2021 dragged by broad-based selling across sectors as worries over surging COVID-19 cases in the country spooked investors. Fears of lockdown and additional curbs dampened sentiment. After resisting at the 15000-15050 level, there has been no respite for the markets. We have witnessed a single slope fall. However, one needs to be cautious at these levels of the index. If we keep below the 14300 levels we could fall to 14200-14000 sooner than later. In the short to medium-term time frames, this is the last support for the Nifty. If the index has to bottom out, we need to respect the 14250 levels and bounce from here.

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Resistance: 14400, 14600, 14800

Support: 14200, 14100, 14000

NIFTY WEEKLY PREDICTION & NIFTY TIPS FOR 12-04-2021 TO 16-04-2021

WEEKLY RESISTANCE FOR NIFTY: 15000, 15200,15500

PIVOT POINT: 14800

WEEKLY SUPPORT FOR NIFTY:  14600, 14400, 14200

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 14900, 15000, 15100

PIVOT POINT: 14850

DAILY SUPPORT FOR NIFTY:  14750, 14650, 14550

DAILY CHART FOR NIFTY

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NIFTY WEEKLY PREDICTION & NIFTY TIPS FOR 05-04-2021 TO 09-04-2021

WEEKLY RESISTANCE FOR NIFTY: 15000, 15200,15500

PIVOT POINT: 14800

WEEKLY SUPPORT FOR NIFTY:  14600, 14400, 14200

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 14900, 15000, 15100

PIVOT POINT: 14850

DAILY SUPPORT FOR NIFTY:  14750, 14650, 14550

DAILY CHART FOR NIFTY

Once again the Index has nudged closer to the important level of 14950. Due to a trading holiday tomorrow, we would need to evaluate this next week. Post the extended weekend, our markets started the session on an optimistic note with a gap up above 14600 mark. The momentum continued throughout the day supported by participation from index heavyweights and Nifty ended the session around 14850, with gains of over a couple of percent. Post Tuesday’s sharp upmove, we had a gap down opening yesterday around the 14800 mark. The index corrected in the first hour of the trade and then consolidated for the rest of the session to end the financial year tad below 14700. Markets started the new financial year on a robust note led by optimism in the global markets. Announcement by US President Joe Biden to invest USD 2.3 trillion in infrastructure boosted sentiments. Initially the benchmark opened gap up but gains fizzled out gradually as the day progressed. However, in the second half healthy buying amongst the sectors such as metals, banks, auto supported markets to steadily inch higher. Consequently, the Nifty ended near day’s high at 14867 levels, with gains of 1.2%. Markets are likely to take cues from global peers as stimulus package announcement in the US last night led to renewed buying interest in the global markets. In the near term, positive bias is expected to continue however, rising COVID cases in India would remain a key concern. As Q4 earning season is approaching, investors focus will shift to earnings announcements and management commentary.

NIFTY: A STRONG SUPPORT WILL BE @ 14500; STRONG RESISTANCE LEVEL SEEN @ 15200

Once again the Index has nudged closer to the important level of 14950. Due to a trading holiday tomorrow, we would need to evaluate this next week. If we can cross 14950, we should be able to resume the uptrend and head towards 15300.  If we resist and take a U turn again, we will be sideways and if we break 14500, we will revisit the recent lows of 14200-14250. Hence, we are at a crucial juncture from where a trading opportunity on the upside or downside may emerge.

TECHNICALLY SPEAKING.

The market witnessed a positive trend in today's activity. Recovery from the support level around the Nifty50 Index level of 14,700 is positive from a short-term perspective. Sustaining above 14700 levels, it is expected the market to gain momentum to increase the odds of fresh breakouts above 14900, leading to an upside projection till the 15300 levels.  The momentum indicators like RSI and MACD support the upside move indicating that a fresh breakout's potential is exceptionally high.\

NIFTY WEEKLY PREDICTION & NIFTY TIPS FOR 30 MARCH TO 1 APRIL 2021

WEEKLY RESISTANCE FOR NIFTY: 14600, 14800,15000

PIVOT POINT: 14450

WEEKLY SUPPORT FOR NIFTY:  14350, 14150, 14000

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 14550, 14650, 14750

PIVOT POINT: 14500

DAILY SUPPORT FOR NIFTY:  14400, 14300, 14200

DAILY CHART FOR NIFTY

The week started yesterday on a flat note as indicated by the SGX Nifty owing to slightly sluggish cues from the global peers. The index started skidding in the initial trades, which was mainly led by the financial space. The selling aggravated immediately post the midsession to enter sub-14600 territory. Fortunately, after some volatile swings, some of the other heavyweight spaces like IT and FMCG came for a rescue. Eventually, Nifty managed to recoup all losses to conclude the session on a flat note. Despite SGX Nifty was indicating a sluggish start, our market surprisingly opened in the green. The initial lead got sold into in the subsequent hour, however once again index managed to march higher post the Supreme Court verdict on loan moratorium. The roller coaster was not done yet as we once again saw this rally getting fizzled out around the mid-session. Market came off sharply to test the 14700 mark and once again the down move was bought into. In the midst of all this confusion, the Nifty eventually settled tad above 14800 with modest gains of half a percent.Wednesday morning, all Asian bourses were trading nervous which eventually resulted in a decent gap down opening in our market as well. The weakness extended as the day progressed to initially enter a sub-14700 territory. Around 14600 – 14650, the Nifty spent a lot of time before cracking down in the final hour. At the end, the Nifty concluded the session with nearly two percent cut to mark lowest close in the March month.The global cues were slightly positive in the Thursday morning and as a result, our markets too opened marginally in the green. However, the opening lead just disappeared within a blink of an eye to sneak below the 14500 mark. In fact, as the day progressed, things became worst as we went on to first breach the recent swing low of 14350.10 and then even enter a sub14300 territory for the first time after the ‘Budget day’. The action was not done yet because the real beast ‘Volatility’ was yet to show its existence on the expiry day. At the stroke of the mid-session, market started rebounding sharply, especially the banking space as it had recouped all gains to trade in the green. But again the pendulum swung in favour of the bears as Nifty once again corrected back to morning lows and BANKINIFTY trimmed half of its recovery. Eventually, the last series of the Financial Year ended at two month’s low tad above 14300.

NIFTY: A STRONG SUPPORT WILL BE @ 14000; STRONG RESISTANCE LEVEL SEEN @ 15000

After the recent consolidation, the market has finally started feeling some heat in last couple of sessions. Fortunately we remained a bit adamant and did not get carried away by the in between upswings. We continue to remain cautious and the way we are placed on the charts, further correction cannot be ruled out. As far as levels are concerned, the next key support is visible in the zone of 14300 – 14000 as it coincides with the daily ’89 EMA’ and the 78.6% retracement of the up move from 13596.75 to record high of 15431.75. On the upside, 14700 followed by 15000 would be seen as immediate hurdles.

TECHNICALLY SPEAKING.

The index opened the new series with a gap-up opening. That is because it bounced from a strong support of 14300-14350. This should not be considered as a reversal in the trend. The market might be taking a breather. The short-medium trend will turn positive only after closure of 14750-14800. Until then, any rally up can be assessed to go short on Nifty. If we manage to break the lows of yesterday, we could slide down to levels closer to 14000.

NIFTY PREDICTION FOR 25 MARCH 2021

Confused ... ??? Which Stock Buy ? Where Nifty Will Go ??? Where To Enter Where To Exit In Stocks & Nifty ? Taken Position In Market Now Don't Know Where To Exit ? What Will Happened Tomorrow In Nifty Banknifty Or Stocks? 

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Domestic equity markets saw the bears assert control on Dalal Street today.  Market plunged on Wednesday with the sensex falling over 850 points dragged by banking and financial stocks amid weak global cues.The sensex fell 871 points to close at 49180; while the Nifty plunged 265 points to settle at 14549. The support range of 14750 was disrespected and we dropped over 200 points once that level broke. Keeping a stop loss at 14900, traders can target 14350-14400 as a potential target for the index. 

NIFTY WEEKLY PREDICTION & NIFTY TIPS FOR 22 MARCH TO 26 MARCH 2021

WEEKLY RESISTANCE FOR NIFTY: 14800, 15200,15500

PIVOT POINT: 14500

WEEKLY SUPPORT FOR NIFTY:  14400, 14200, 14000

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 14800, 14900, 15000PIVOT POINT: 14750DAILY SUPPORT FOR NIFTY:  14650, 14550, 14450DAILY CHART FOR NIFTY

Post the sharp sell off on Friday, our markets started the week on a flat note above the 15000 mark. However, we saw selling pressure right from the word go and nifty corrected sharply to breach 14750 level during the day. The banking index was reeling under pressure and it seemed that bears had complete control. However, the index started recovering gradually in the last couple of hours and managed to trim much of the intraday losses and end well above 14900.Monday’s last hour recovery was followed by a positive opening on Tuesday in our indices. However, post some upmove in the first hour of the trade, the index started correcting gradually and Nifty ended the day tad above 14900 with a marginal loss.The Nifty started Wednesday session around 14950 mark. Post some correction in the first hour of trade, it witnessed a pullback towards the opening level. However, the bounce got sold into and the index then corrected till the end of the session to post a loss of about 200 points and end tad above 14700 mark.After Wednesday’s tail end surge, it was really difficult to digest a surprising gap up in our market on Thursday. It was on the back of strong cues from the global peers after the US Fed meet. However, once again market failed to hold on to its gains as we saw a sudden nosedive post the midsession to conclude the penultimate weekly expiry with over a percent cut.  The Sensex and Nifty traded volatile on Friday but managed to close with gains. The Sensex closed 641 points higher at 49858 points and the Nifty ended at 14744.

NIFTY PREDICTION FOR 19 MARCH 2021

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Market ended lower in the fifth straight session on March 18 amid spiking US bond yields. Today the market failed to show resilience to stay above the level of 14750. At close, the Sensex was down 585 points at 49216, while Nifty was down 163 points at 14557. 

NIFTY PREDICTION FOR 16 MARCH 2021

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Markets traded subdued and ended almost unchanged, in continuation to the prevailing consolidation phase. The benchmark started with an uptick, tracking supportive global cues and inched further higher initially but profit-taking in the index majors trimmed all the gains as the session progressed. Consequently, the Nifty ended flat at 14911 levels. The US markets are doing comparatively well despite caution ahead of the Fed meet and rising bond yields. At the same time, our markets are facing pressure and hovering in a range, after the subdued macroeconomic data and rising in the COVID cases. We feel the prevailing consolidation would end soon. Meanwhile, we suggest avoiding directional trades and preferring hedged positions.

NIFTY PREDICTION FOR 10 MARCH 2021

Wednesday markets traded lackluster and ended marginally higher amidst mixed cues. Initially, upbeat global cues triggered a firm start in the indices but lack of follow-up buying and profit-taking in the index majors capped the upside. It hovered in a range till the end however movement on the broader front kept the participants busy. Consequently, the Nifty index ended higher by 0.5% at 15178 levels. 

Nifty has been hovering within the 14900-15300 zone and a decisive break on either side would trigger the next directional move. Meanwhile, traders have no option but to limit their leveraged positions and maintain a stock-specific trading approach. The upcoming macroeconomic data i.e. IIP and CPI combined with cues from the global markets will dictate the trend ahead.

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Resistance: 15200, 15350, 15500

Support: 15050, 14900, 14850

NIFTY PREDICTION FOR 09 MARCH 2021

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Market returned to positive territory after falling for the previous two sessions. The Sensex ended 544 points down from its intra-day highs and Nifty failed to hold above 15000 after having breached the levels earlier in the day. After fighting multiple bouts of volatility during the session, the sensex gauge sensex settled 35 points higher at 50441. the Nifty settled at 14956; up by 0.12%.

NIFTY PREDICTION FOR 04 MARCH 2021

Bulls extended surge for the third consecutive session and gained over 2%. The indices started the Wednesday on a positive note despite mixed global cues and gradually inched higher as the day progressed. Healthy buying was witnessed across the board wherein metal and banking emerged as top gainers. Besides, the noticeable surge in the index major, Reliance, in the last hour further fueled the rally. Consequently, the Nifty ended with healthy gains of 2.2% near day’s high at 15246 levels. The broader markets too ended in positive in the range of 1.3-1.5%. 

NIFTY WEEKLY PREDICTION & NIFTY TIPS FOR 1 MARCH TO 5 MARCH 2021

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WEEKLY RESISTANCE FOR NIFTY: 14800, 15000,15200

PIVOT POINT: 14600

WEEKLY SUPPORT FOR NIFTY:  14400, 14200, 14000

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 14600, 14700, 14800

PIVOT POINT: 14500

DAILY SUPPORT FOR NIFTY:  14400, 14300, 14200

DAILY CHART FOR NIFTY

Trading for the week started on a flat note owing to muted global cues. However, without wasting much of a time, Nifty slid into the negative terrain.  The selling pressure augmented as  the  day Progressed and all attempts of a rebound were comfortably getting Sold into. Due to tail end correction, Nifty ended the session with a cut  over  couple  of  percent,  marking  biggest  loss  in  the  February month. The global picture changed a bit between Monday’s close and Tuesday’s  open.  The  Dow  future  was trading  deeply in  red on  Monday  while  we  closed;  but  after  this  there  was  a  v-shaped recovery seen in their market and the optimism continued yesterday early  morning  as  well.  Taking such strong cues  into  the consideration, our markets had a surprising bump up at the opening convincingly beyond 14700. After the initial hiccup, the Nifty started rebounding sharply to test the 14850 mark.  However, since the market is in a profit booking mode , it failed to sustain  at  higher levels.  As  a result,  the  Nifty  gave  up  major  chunk  of  its  gains  to conclude with nominal gains above 14700. We had a flat to positive start Wednesday and despite global cues were unfavorable in the morning, our markets managed to extend gains towards  14800  in  the  initial  hour.  However,  all  of  a  sudden,  the trading halted on NSE at 11.40 am due to some technical snag. It was very unusual and things worsened when it lasted for few hours without  any  clear  intimation  on  further  proceedings.  This  created havoc among the traders’ fraternity because everyone was clueless about their outstanding intraday positions. Fortunately, the trading resumed around 3.45 pm as an exceptional case for a short period. Although it almost opened around the same levels, we witnessed a complete gush in the second half of the truncated session. Before anyone could realise, Nifty just hastened towards the 15000 mark. On Thursday market ended on bullish note on February 25 with Nifty ending the February series near 15100 level supported by the metal and energy stocks. At close, the Sensex was up 257 points at 51039, and the Nifty was up 115 points at 15097. Market opened with a gap up after positive global cues. Positive cues from other Asian markets helped key indices to maintain gaining momentum. Domestic sentiments were positive, as the Central government has lifted the embargo placed granting businesses to private banks, which is expected to enhance customer convenience, spur competition and higher efficiency in standards of customer services.  On the global front, Asian markets were trading in green. Finance Minister Nirmala Sitharaman, in her budget speech, had stated that more public sector lenders would be privatized in the upcoming fiscal. As per a report, the government has filtered out four state-run banks - Central Bank of India, Bank of India, Bank of Maharashtra, and Indian Overseas Bank for privatization. After three straight sessions of gains, share market indices slipped majorly to bearish territory on week ended Friday, amid weak global equities. Sensex was trading 1939 points lower at 49099 and Nifty fell by 568 points to 14529.

NIFTY: A STRONG SUPPORT WILL BE @ 14300; STRONG RESISTANCE LEVEL SEEN @ 15000

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 25 FEB 2021

On Wednesday 24 Feb 2021 the Sensex jumps 1000 pts, Nifty reclaimed 15000. Market witnessed sharp gains after the trading resumed post technical glitch on NSE at 3.45 PM. The Nifty jumped over 14950 while Sensex jumped more than 1050 points. nifty closed the day at 14987 up by 278 points,  Almost the complete day has gone for Options players due to some technical issues at National Stock Exchange which is the biggest exchange in India. So in Options price, there is a major component of the time value of money which is known as delta. As we have almost lost one day of trading, the time value of money for the day has been eroded from the Options. Option call put 25 Feb 2021 expiry will expire tomorrow, so this trading halt will be beneficial for Option writers as the time value of money will come down when every market opens. On the other hand, this will be a disaster for the Option buyers as their premium will come down significantly. 

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 16 FEB 2021

Markets started the week on a robust note and made a new record high, largely led by firm global cues and encouraging domestic macro-economic data. The benchmark opened gap up and hovered in a range for most of the session however renewed buying in the last hour helped the index to close around the day’s high. Consequently, the Nifty index closed at 15,315 levels, up by 1%. A mixed trend continued on the sectoral front wherein banks and realty were the top gainers that supported the rally while FMCG, IT and consumer durables ended in the red.

NIFTY WEEKLY PREDICTION & NIFTY TIPS FOR 15 FEB TO 19 FEB 2021

WEEKLY RESISTANCE FOR NIFTY: 15300, 15500,15800

PIVOT POINT: 15000

WEEKLY SUPPORT FOR NIFTY:  14800, 14600, 14400

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 15200, 15300, 15400

PIVOT POINT: 15100

DAILY SUPPORT FOR NIFTY:  15500, 15400, 15300

DAILY CHART FOR NIFTY

Index managed to hold the bullish stream throughout the week and closed a week at 1563 with gains 1.60 % The positive global sentiment aided to a gap up opening for the week and the Nifty continued to march higher to end the first day of the week above the 15100 mark. Nifty started Tuesday marginally positive and crept higher to surpass 15250 level. However, we witnessed some profit booking in the last hour of the day due to which Nifty gave up its intraday gains and ended the day on a flat note. Nifty started the Wednesday on a flat note, but corrected in the first hour of the trade to mark a low tad above the 15000 mark. We witnessed some pullback before noon towards 15125 but again some profit booking emerged and the index sneaked below the 15000 level. But it was not over yet, we again saw a recovery at the end and the index managed to recover the losses and end this roller coaster day on a flat note. The Thursday weekly expiry session turned out to be a day of consolidation as the Nifty traded with a narrow range and ended the day with gains of less than half a percent. Markets ended a tumultuous week on a flat note amid subdued trade in Asia and bleak UK economic data. The Office for National Statistics said on Friday that the UK's gross domestic product shrank 9.9% in 2020, its biggest decline on record.

NIFTY: A STRONG SUPPORT WILL BE @ 14800; STRONG RESISTANCE LEVEL SEEN @ 15300

Nifty again closed the week with gains. Moves in the Nifty are becoming choppier in a narrow range. Institutional flows have come back to normal levels after remaining high over the last few weeks. Nifty could take support at 14800 in the coming week, while on rises 15300 could offer resistance. A breach of this level could result in continued bullish moves. 

NIFTY WEEKLY PREDICTION & NIFTY TIPS FOR 8 FEB TO 12 FEB 2021

WEEKLY RESISTANCE FOR NIFTY: 15200, 15500

PIVOT POINT: 15000

WEEKLY SUPPORT FOR NIFTY:  15800,15500

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 15000, 15200

PIVOT POINT: 14900

DAILY SUPPORT FOR NIFTY:  14800,14700

DAILY CHART FOR NIFTY

Nifty reaches 15000 with fast and furious rally… Post the last week’s collapse, our markets started the new February month & new week on a positive note with optimistic expectations from the Union Budget. The indices traded with a positive bias as the Finance Minster announced the budget and then, we had a one way upmove post the budget speech to conclude the day tad below 14300, with whopping gains of almost 5 %. After Monday’s gigantic run up, market participants continued with the cheerful mood and thus the index started the Tuesday’s session with a decent gap up. The index continued its momentum with buying seen on intraday dips and Nifty ended the day around 14650, marking its highest close ever.  Following the positive global cues, we started the Wednesday on a positive note, but immediately the indices corrected from the opening level within five minutes. However, traders took this dip  as a buying  opportunity and the index marched higher to register a high of over 14850 mark. It gave up some of the gains in the last hour, but still managed to end the day at 14790 with gains of almost a 1%. Buying triggered by budget 2021 continued for the fourth straight session on Thursday as the domestic market cap crossed Rs 200 trillion market capitalisation mark during the day.Rallying for the fourth successive session, market closed at record highs on Thursday, in line with positive global equities. After a volatile session, Sensex ended 358 points higher at 50614 and Nifty gained 105 points to 14895. Sensex and Nifty hit fresh lifetime highs of 50678 and 14913 during the session.Nifty started the session on a flat note yesterday and consolidated within a narrow range for the first hour of trade. However, the index witnessed buying interest in this initial dip and then Nifty gradually moved higher for the rest of the day to end with gains of over 100 points.