What a phenomenal week markets had here last week, the bulls had rather on Thursday and Friday the Sensex hitting triple century on both days, the Nifty hitting century on both days and the mid-cap Index is very closed to lifetime high - cloud happen in today’s trade itself.
If you see the template of this market it has done that in the past. You have seen the midcaps hit the new high first than the Nifty and the Bank Nifty follow suit, strong stocks like Maruti Suzuki always hit the new high before the market does. So, I think the ingredients are in place for the market to have a big rally.
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