Markets extended their gains for the third consecutive session on Friday, supported by favourable global cues and sustained buying in select heavyweight counters. Technically, analysts say the Nifty has finally broken out of its consolidation range of 23,800–24,200 and has moved closer to the next key hurdle, the 200-day EMA. While the overall trend has turned positive, the pace of the advance may remain gradual due to the confluence of resistance from the long-term moving average and the previous swing high in the 24,450–24,600 zone.
In today's trade, shares of HDFC Bank, Vedanta Power, YES Bank, Sun Pharma, Waaree Energies among others will be in focus due to various news developments.
