The Indian equity market continued its upward trajectory, achieving a record high on the morning of February 19 for the fourth consecutive day. Buoyed by bullish sentiment, the Nifty 50 surged above its previous peak of 22,127, reaching 22,150 as of 11:26 am.
Market experts anticipate further gains in the index, with expectations of surpassing the previous record high in upcoming sessions. Despite the possibility of consolidation, the index is foreseen to encounter resistance in the range of 22,200-22,300. Immediate support levels are predicted to be around 21,900-21,950, with secondary support at 21,750.
The sustained rally reflects the optimism prevailing among investors, driven by positive market sentiment and favorable economic indicators. As the market maintains its upward momentum, investors remain watchful for potential opportunities amid the ongoing bullish trend.
