Sensex up 450 pts | Bank Nifty hits 20,000

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The Equity benchmarks opened higher fueled by global market momentum. Nifty Bank hit 20000 for the first time since September, up 2.5 percent. Nifty reclimbed its crucial support level of 8,500. The market continued to rally in morning trade with  the Sensex is up 428 points or 1.57 percent to 27678 led by Banks, Infra, Metals, and Pharma Stocks. Nifty gained 144 points or 1.72 percent to 8581. Nifty trading at 8585, higher by 156 points or 1.85 percent while the broader markets outperformed. BSE midcap index rising over 2 percent and reached at 13014. BSE smallcap index also up 2.77 percent at 13055. Bank Nifty still above 20232, higher 3.66 percent . 

Sun Pharma - Buy, Stoploss - 650 Rs, Target - 680 Rs
SBI - Buy, Stoploss - 255 Rs, Target - 270 Rs
Kotak Bank - Buy, Stoploss - 804 Rs, Target - 840/850


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  2. SENSEX closed at 26818.82 (-698.86) today. Market must carefully plan their trading strategy at such market conditions. Daily market updates through daily reprots can be learned by following epic research .