Reached 17800 points before the correction and Bank Nifty reached 38200+. All CNI members traded Nifty Enjoyed the journey of 14200 to 17800 and Bank Nifty to 38200 again.
Fortunately, large cap stocks selected by CNI also rallied. BPCL, HPCL, RIL, SBI, IndusInd, Zee Entertainment, Tata Motors, Tata Power and many more were already mentioned by CNI.
Last time, the Nifty was seen fluctuating sharply to reach 16900. The first shot came at 17,800. We saw Nifty at 17500 in SGX which means Nifty broke 300 points from the top of 17800. One of our notes stated that the breakout of 300 is not even 2% and may not be a cause for concern, but rather an opportunity to buy good stocks, which have not yet participated in the rally like Ashok Leyland. Festive sales and the pace of the economy have kept auto sales at the top.
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