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Nifty needs to hold 9,000 for further up move: Gaurav Garg of CapitalVia

Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor

Markets roar back after Budget shock; Sensex zooms 917 pts, Nifty at 11,980
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Piramal Enterprises' stock is forming a bullish flag pattern on the daily charts

Gaurav Garg Mumbai
Market bounced sharply due to strong global cues, Nifty needs to hold 9,000 for further move

Market traded with positive sentiments throughout Thursday's trading session due to strong global cues. India VIX lowered by 4.78 per cent and closed at 49.7, suggesting that volatility is likely to decrease in the near term and bulls might take control on the Street. Nifty managed to close at 9,111.90, adding 363 points. Pharma, automobile, private banks, and metal sectors traded with positive sentiments whereas none of the sector closed in the red. Nifty bank closed at 19,913.60, adding 1,266 points from the previous day’s