A morning walk down Dalal Street | Stay long, look for higher targets placed around 11,400

Finally, after consolidating in a narrow range, bulls pushed the index above 11000 levels for the first time since October 2018.

The index reclaimed 10,980 which acted as a stiff resistance for the index in the past and as long as it stays above 11,000 levels, higher target towards 11200-11400 now looks in sight. 

The index is on track to rally towards the zone of 11370 – 11408 levels in course of time if Thursday’s monetary policy outcome doesn’t disappoint the market fraternity.

Traders are advised to remain long with a stop below 10980 levels on closing basis and look for a bigger targets placed around 11400 levels, suggest experts.