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Looking forward, the immediate resistance for Nifty is identified at the 21,500 levels, representing the 78.6 percent Fibonacci extension level.

Trent has continued higher highs, higher lows formation for second consecutive session, after Bullish Engulfing candlestick pattern formation, which is bullish reversal pattern, on August 8, followed by continuity in strong uptrend for next two sessions with robust volumes.

Nippon Life has seen a breakout of horizontal resistance trendline adjoining highs of June 30 and July 12, and formed a bullish candlestick pattern on the daily timeframe with above average volumes. Further, it has also seen a golden crossover this month.

Stocks like Chola Investment rose over 13 percent, ICICI Bank closed with gains of over 4 percent, and Motherson Sumi rose nearly 7 percent were some of the socks in focus.

Given that the future is uncertain, I tend to think of stocks in terms of risk-reward trade-offs. Without getting into specific names, I see favourable risk-reward in banks, industrials, IT, and certain commodity sub-sectors.

Budget rally takes Sensex to 52,000: Here are 5 takeaways for investors The markets are likely to inch towards 53,500 in the near term. 51,200 is now crucial support on the lower side, says Jay Thakkar February 16, 2021 / 10:56 PM IST Indian markets have been on an upward trajectory since Union Budget which was announced on February 1. The growth-oriented proposals by Finance Minister Nirmala Sitharaman have helped Sensex climb 52,000 levels after a steep correction prior to the Budget. N...

DAILY VOICE | Seen more beats than misses in Q3 earnings, laggards of last decade to be re-rated: Neeraj Chadawar of Axis Securities The major change in market structure will mean re-rating of sectors which have lagged for a long period. Sunil Shankar Matkar February 15, 2021 / 08:31 AM IST Neeraj Chadawar of Axis Securities valued the Nifty at 22x at FY23 earnings translating to December 2021 target for Nifty at 16,000, after December quarter ea...

We expect the rally in mid & small-cap to continue in the domestic markets as traders hunt for yield and chase momentum, says Daga.

Nifty seems to have immediate support at 14,850 followed by 14,700. It is likely to face resistance around the 15,250 – 15,300 zone followed by 15,500.

The Nifty and the Sensex are moving towards 15,500 and 52,500, with minor resistance at 15,360 and 52250, respectively.