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Apollo Tyres surpassed its previous record high (touched in August this year) and hit a new high of Rs 445.80 intraday on last Friday after decisively breakout of falling resistance trendline.

Over next few months IT sector will be in focus and can take leadership role for up move, says Ashish Kyal.

With decisively surpassing previous record highs and making higher highs, higher lows formation along with healthy volumes on daily charts last week, the Nifty50 is likely to march further northward with eyeing 20,400-20,500 zone.

HDFC Securities expects the RBI to sound hawkish at its upcoming monetary policy meeting on December 8, says Varun Lohchab.

The Feds strategic approach, coupled with favourable market responses, provides a foundation for the anticipation of a rate cut cycle in the early months of 2024, says Anirudh Garg of Invasset PMS.

Engineering is proving to be the sector of the decade, and it could very likely see the continuation of the strong trends.

GAIL India has seen a breakout of falling resistance trendline. The stock has formed strong bullish candlestick pattern on the daily charts with robust volumes and traded above all key moving averages.

Approaching its all-time highs, the indexs upside potential could extend to 20,200, followed by 20,400.

Alok Agarwal of Alchemy is positive on the Power sector. Within that, he is also positive on green energy/ renewable energy (RE).

The sentiment remains strong as long as it stays above 20,000 mark and also continued buy on dips strategy, say experts.