Benchmark equity indices continued their winning run for the seventh consecutive session Tuesday closing at an over six-month high led by gains in index heavyweights like ITC, RIL and InfosysNSE 2.23 % amid positive domestic cues and sustained foreign fund inflow.

The 30-share BSE Sensex touched a high of 38,396.06 before winding up at 38,363.47, recording a rise of 268.40, or 0.70 per cent. Intra-day it also hit a low of 38,078.23.

The short-term trend of the Nifty is positive, more upside could be in store for near term. The Nifty continued to show upmove today amid a range movement and closed the day on decent gains. A small body positive candle was formed today with long lower shadow, which is signaling a positive bias for the market. Nifty moving above the high of Doji type candle pattern of the previous session indicates strength of an upmove and lack of selling participation in the market. The short-term trend of the Nifty is positive and more upside could be in store for the near term. Next overhead resistance to be watched is 11,610 level said Nagaraj Shetti, HDFC Securities

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With inputs from PTI

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