Key Points
The S&P BSE Sensex rose nearly 200 points while the Nifty50 closed just a shade below 22,100 levels...
Sectorally, buying was seen in telecom, realty, auto, healthcare, and capital goods while selling was seen in IT stocks...
Stocks that were in focus include names like HEG, which pared gains after hitting a fresh 52-week high, Maruti Suzuki which closed with gains of over 3% to hit a fresh record high, and Hindustan Unilever which recouped losses after hitting a 52-week low on Friday...
The short-term trend for the coming month is expected to remain sideways to bearish, which is why a long position is not recommended at the moment...
Maruti Suzuki is seen to be making higher highs and higher lows on the weekly timeframe and breaking out of multiple bullish patterns, which confirms the bullish trend...
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