Key Points
The Nifty50 rose 148 points to close at 22,146 while the S&P BSE Sensex rose 335 points to close at 73,097...
Stocks that were in focus include names like Colgate-Palmolive India which closed with a gain of over 4% to hit a fresh record high, HUL which recouped losses after hitting a 52-week low to close with gains of nearly 1% and UPL which closed with gains of over 2% after hitting a 52-week low on Thursday...
On the intraday charts, the immediate resistance on the upside remains on the upper trendline of 2,375 & 2,400 levels...
Colgate-Palmolive India has entered into its 52-week highs on Thursday but it couldn't manage to close above its resistance area on the intraday charts...
The overall trend is still positive, but fresh buying will take place only after the breakout above the trendline, which can then lead it to 2,786 levels on the upside..
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