After a historic week, Indian market saw a blockbuster opening on Monday which took the Nifty50 to record high of 11,148.25 in morning trade. Tracking the momentum, the Nifty Bank and the S&P BSE Sensex rose to a fresh record high of 27,635.65 and 36,356.99 respectively.
Also Read: Positive consumer sentiments and holiday season pushes Sensex
Indian market closed the week on a high note, up 1.6 percent for the week ended January 25, ahead of the crucial Budget week which most experts think could belong to the bulls again.
The index is likely to clock fresh highs in the Budget week fuelled by further short coverings as well as strong global cues. Investors are advised to remain long on the index with a strict trailing stop loss around 11,000 which is a key support for the index.
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