NIFTY50:
The Nifty50 opened higher at 14,538.30 and after initial volatility, gradually extended gains to hit a fresh intraday record high at 14,666.45 in late trade. The index end of fresh record closed high at 14,644.70 levels, up 123.55 points or 0.85 per cent.
The NIFTY strong comeback of bulls, the index may extend current rally to 14,900 levels, then coming sessions, experts said. Nifty50 hit yet another new life time high record.
If the index sustains above levels at 14,500, then the rally may get extended up to 14,900 levels. But if it down below 14,500 levels, then some sort of consolidation can be expected but trend may once again start favouring bears when Nifty down below 14,350 levels, analyst said.
The analyst expected traders to buy the index zone at 14,600 to 14,550 levels, by placing a stop below 14,500 levels on closing basis and then look for a higher target towards at 14,900 levels.
On options trades, maximum Put option open interest was at 14,000 followed by 13,000 strike while maximum Call option open interest was at 15,000, followed by 14,800 strike. Call option writing was seen at 15,000 then 14,800 strike while Put option writing was seen at 14,600 and 14,500 strike. Option data indicated that the Nifty50 should see an immediate trading range at 14,500 to 14,800 levels, in next coming sessions.
BANK NIFTY:
Bank Nifty opened low at 32,388.95 and move in a consolidative fashion with buying on declines through out the day. Positive undertone continues in all the banking stocks and the index closed end of the session at 32,543.70. with gains of 118.85 points or 0.37 per cent.
The Bank Nifty  index formed a bullish candle on daily scale and continued its forms of higher – high lows from the last two sessions, and it has to continue to hold above 32,200 zone to witness at upmove towards 32,750 and 33,000 levels while on the downside support is seen of 32,000 and 31,750 levels.
NIFTY TOP 5 GAINERS AND LOSERS: 
GAINERS: TATAMOTORS, ADANIPORTS, WIPRO, TECHM and MARUTI
LOSERS: POWERGRID, SHREECEM, NTPC, GAIL and HDFCBANK.