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Bulls maintained their power at Dalal Street for third consecutive session on Tuesday as the Nifty50 after a strong breakout above 10,900 levels in morning extended rally in later part of the session to reclaim 10,956.90 levels intraday.
The index also crossed Karnataka Election Result day's high of 10,929 and closed at five-month high, forming a solid Bullish candle on the daily charts.
The 50-share NSE Nifty which opened at 10,902.75 rallied further as the day progressed and hit an intraday high of 10,956.90, before closing 94.40 points or 0.87 percent higher at 10,947.30, the highest closing level since February 1, 2018.
After a rangebound trade for around two months, the strong breakout indicated that the Nifty could be heading towards its earlier all-time highs of 11,171 touched on January 29, experts said.
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