Stock Market Today, Feb. 5 -- Indian Stock Markets saw a strong rally on Tuesday as the Benchmark Nifty-50 index and the S&P BSE Sensex ended at 23,739.25 and 78,583.81, up 1.62-18%. The Bank Nifty also surged 1.93% to 50,157.95 and most sectors led by metals, Pharma, Oil & Gas ended with strong gains. Broader indices also saw sharp gains of 1.08% and 1.6%.

The decisive break above the critical resistance at the 200 DEMA i.e. 23,620 in Nifty potentially strengthened its position further. The next target range stands at 23,900-24,200, said Ajit Mishra - SVP, Research, Religare Broking Ltd.

The immediate support level for Bank Nifty has shifted higher to 49,600-49,500, while the 50,200-50,300 zone serves as a key resistance, as per SAMCO ...