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Below the Quote on Post-Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker

Benchmark indices Nifty and Sensex maintained their momentum, closing at record highs today. This marks Nifty's best week in two months, with the index extending its winning streak to 12 consecutive sessions. The rise comes in the wake of U.S. economic data easing growth concerns, while investors now await the latest domestic quarterly growth figures. At the close, Nifty was up by 83.90 points, or 0.33%, at 25,235.90, and Bank Nifty gained 198.25 points, or 0.39%, finishing at 51,351.

A notable characteristic of the current market trend is its remarkable stability. Over the past 11 trading sessions, the market has shown a steady ascent, accompanied by a decline in the volatility index VIX, which now stands at 13.79.

This trend is expected to persist in the near term. A potential breakout could occur if banking stocks experience substantial buying. It is advisable to avoid aggressive shorting of Nifty and instead consider buying on dips, as disciplined traders with strict stop-loss strategies are likely to be rewarded.

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