
Markets continued the upside momentum as expected.My first target of 2755 in nifty has been reached.Next target is 2805 which should be reached tommorrow.If we sustain above 2800 then we are headed further up.Nifty today closed at 2777 up by 58 points from fridays closing.Reliance Industries,ICICI,SBI,DLF,HUL were some of the index scrips which went up.Reliance target is 1350-1365,currently at 1327.Bank Index was also amoung the top gainers led by SBI.
Global cues were At the time of closing of Indian equities, European markets were trading higher. FTSE was trading at 3,822, up 69 points. CAC was up 71 points, to 2,777 and DAX gained 90 points at 4,044.
US futures also moved higher. The Dow Jones Futures were up 79 points, to 7,258 and the Nasdaq Futures were trading at 1,179.75, up 11.75 points.
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