Rohit Singre, Senior Technical Analyst at LKP Securities said, "Nifty has formed immediate support near 14,640-14,580 zone and good resistance is coming near 14,810 zone. Any break above said levels can push index towards 15,000-mark again."
Explore Now
Benchmark NSE Nifty index was trading 176.30 points up at 14705.45 on Monday on account of buying in frontline bluechip counters.
Among the stocks that touched their 52-week highs on NSE were: APL Apollo Tubes, Astral Poly Technik, Blue Star, Eveready Industries, Greenply Industries, Hindustan Copper, JK Paper, NBCC (India), Radico Khaitan, Supreme Industries, Vedanta and Religare Enterprises.
Overall, 44 shares were trading in green in Nifty50 index, while 6 were trading in red in the afternoon trade.
In the Nifty 50 index, M&M, ONGC, UPL , Titan Company and Hero MotoCorp were among top gainers, while Bharti Airtel, SBI Life, Bajaj Auto, RIL and Bajaj Finance were trading in red.
Mindtree, Varun Beverages, Hindustan Aeronautics, Adani Gas, Honeywell Automation and Astral Poly Technik, and Apollo Hospitals are likely to get $20 million to $80 million worth of flows, said Abhilash Pagaria of Edelweiss Alternative Research.