A fall below 13,400 may push Nifty towards 12,900, says Sameet Chavan

With a broader view, 14,000 and beyond levels are very much possible, but for the time being 13,500 - 13,600 are the extreme levels as per few key Fibonacci ratios

Mild hiccups at record highs, avoid aggressive longs overnight

The merry run at the bourses has continued across the globe for about a month and a half now, and markets are just continuing their gravity defying moves. Last week, our markets kickstarted the week on a flat note but immediately resumed its upward momentum. For the subsequent two trading sessions, the rally continued and in the process, Nifty kept posting new record highs one after another. The similar sort of one sided move was missing in the latter half of the week as markets saw some volatile swings to test the