Ahead of Market: 10 things that will decide D-Street action on Tuesday

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Key Points

Both the Nifty 50 and Sensex rose as much as 0.91% and 0.82%, respectively, to record highs intra-day and the first time since March 11 and March 7, respectively...

Nifty on Monday ended 135 points higher to form a Doji candle on the daily chart with the index trying to break above the crucial overhead resistance of 22,500-22,550 levels...

HDFC Bank (Rs 1,848 crore), Tata Steel (Rs 1,365 crore), ICICI Bank (Rs 1,191 crore), Infosys (Rs 990 crore), Tata Motors (Rs 862 crore), Bajaj Finance (Rs 819 crore), and SBI (Rs 753 crore) were among the most active stocks on NSE in value terms..

Tata Steel (Shares traded: 8.4 crore), HDFC Bank (Shares traded: 1.2 crore), ICICI Bank (Shares traded: 1 crore), SBI (Shares traded: 93 lakh), ITC (Shares traded: 93 lakh), Power Grid (Shares traded: 89 lakh ), and Tata Motors (Shares traded: 86 lakh) were among the most traded stocks in the session on NSE...

Shares of Tata Steel, Adani Ports, L&T, and Grasim Industries among others witnessed strong buying interest from market participants as they scaled their fresh 52-week highs, signalling bullish sentiment...

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Ahead of Market: 10 things that will decide D-Street action on Wednesday

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The short-term trend of Nifty remains choppy with alternative candle formations like bull and bear. A sustainable move above the immediate resistance of 21800-21850 levels could open a sharp upside towards another resistance of 22000-22100 levels in the near term, said Nagaraj Shetti of HDFC Securities.