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Overall chart structure is quite strong and is well placed to rally towards 12200 – 12300 levels in June series
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Updated : May 31, 2019, 05:45 AM IST
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On Wednesday, Nifty has given a ‘Bullish Flag’ pattern breakout on the intraday chart. Thus, we may see a continuation in ongoing optimism in coming days too.
Stocks like Bajaj Finserv, CanFinHome, Reliance, SBI and IGL are expected to do well in today’s session.
Banking and Financial Services sector were major gainers in May series and may continue their bullish momentum in upcoming days too.
Overall chart structure is quite strong and is well placed to rally towards 12200 – 12300 levels in June series.
Buying interest across the street led by IT and Financial heavyweights pulled the market higher.
Jay Purohit, Technical & Derivatives Analyst, Centrum Broking Ltd
