INSUBCONTINENT EXCLUSIVE:
The bulls continued to rejoice on Dalal Street for the sixth straight session on Tuesday
The 50-share Nifty pared all initial losses in the last hour of trade to settle 20.35 points, or 0.19 per cent, higher at 10,908
After a gap-down opening following subdued global cues, the index scaled an intraday low and high of 10,819 and 10,915, respectively
Arun Kumar, Market Strategist, Reliance Securities, said Nifty closed on a positive note on the back of falling crude prices and an
zone between 10,844 and 10,815 levels got bought into by the market participants
However, as the current rally enters the sixth session with consecutive positive closes, it has reached overbought levels, and hence, it may
not stretch further on the upside beyond a point without a pause
VIX remained flattish and closed with a gain of 0.46 per cent at 14.60
extend gains at least in early hours of trade
They remain in close proximity of each other
If we get any extension of the upward move, one should use these moves to protect profit at higher levels
