These 33 stocks on Nifty500 index have hit record highs; more gains likely

Stocks hitting a 52-week high or new all-time high early in the year tend to have more legs for an upside for the rest of the year.

Whenever any stock conquers major price levels, the robust momentum is ascertained to have gained maximum strength from market participants point of view. This scenario depicts a further price push in the same direction with a significant addition in volumes.

The broad major levels are 52-week high or all-time high. And whenever stock claims new levels, they are looked as a strong candidate for further upside. Likewise, stocks hitting a fresh 52-week low or all-time low are viewed to be towards further decline.