On the day of the weekly expiry of index options, Nifty/Sensex closed at the highest point of the day. Today, auto and Technology stocks lifted the market sentiment heavily. However, since the last few weeks, the market is finding it tough to sustain at higher levels due to the pressure of the weekend news flow.In brief, we need to be careful to add long positions at higher levels. The Bank Nifty is consolidating and in the medium term may close above the levels of 33,000. With market breadth remaining positive, it can retest 15000+ levels.74.6573.50/25

Source: Economic Times May 06, 2021 17:00 UTC