Vaishali Parekh, Vice-President of Technical Research at Prabhudas Lilladher believes that Nifty can move next to 22,800-23,400 levels in the near-term
On Wednesday, 2803 stocks advanced, 1052 declined and 110 remained unchanged, on the Bombay Stock Exchange (BSE) with an advance decline ratio of 2.66, indicating positive closing of stocks in broader markets.
Benchmark indices hold gains of early trade. All sectoral indices were in the positive territory with Nifty Realty, Nifty Media, and Nifty Metal seeing the most gains.
The 30-share BSE Sensex pack jumped over 600 points to hit a record high of 74,255 and the broader NSE Nifty index moved around 200 points to touch 22,530 level for the first time ever.