Shrikant Chouhan, Govt Vice President, Fairness Technical Analysis at Kotak Securities

The market as soon as once more strongly resisted going under 15,500/51,700. With 15,500/51,700 ranges holding help for the second day in a row, the market noticed a robust short-covering pattern at present. After Friday’s indication, the market has fashioned a bullish continuation formation at present and in response to that 15,800/52,800 can be an enormous hurdle. Nevertheless, if indices handle to shut above 15,800/52,800, it may attain 16,000/16,050 (53,400/53,500). On Tuesday, 15,800/52,800 and 15,650/52,400 might be the buying and selling vary of the market. The Financial institution-Nifty moved from 33,900 to shut at 34,900, which is outstanding and appears applicable contemplating the yield of the bond.