The run now brings the August 21 swing high of 25,154 into focus, a level where there was some resistance last Friday as well. The upmove has meant that the base has shifted higher, with last week's low of 24,751 now being an important support on the downside.
The Nifty Bank contributing to gains would comfort the bulls, who would now want to conquer the 55,000 mark, a level above which the index has not closed since August 25.
Stocks related to Minimum Shareholding norms, shareholder lock-ins, and those such as FMCG and Auto continue to remain in action, along with defence stocks. Buyers' exhaustion after an eight-day rally could also be a focal point today.
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