The Sensex rose over 900 points while the Nifty50 closed with gains of over 200 points. Sectoraly, buying was seen in utilities, public sector and banks while realty stocks saw some selling pressure.
Finolex shares have given a Cup & Handle breakout on the monthly charts and can be bought at above Rs 275 by aggressive traders for a target of Rs 325, and a stop loss can be placed below Rs 229.
Aurobindo Pharma on the weekly chart has decisively broken out above the medium term 'falling channel' at Rs 485 with strong bullish candle indicating a positive bias.