Standard indicators ended at fresh continuance highs on Monday amid foreign fund inrushes, a decline in crude oil painting prices and buying in indicator major Reliance diligence Ltd( RIL). Rallying for the fifth day in a row,

Sensex climbed 211 points to settle at, its fresh record closing high. The Nifty gained0.27 to end at its record closing high of,562. In the broader request, the BSE smallcap hand climbed0.77 and midcap jumped0.72.

Nifty as per daily map is in a sharp uptrend movement and there’s no sign of any frazzle/ reversal observed at the highs. Having registered a new all time high, the coming upside target to be watched for Nifty is at0.

786 fibonacci extension at,955 situations( taken from the June bottom, Sept top and Sept advanced bottom- as per daily map). This could be achieved in the coming 1- 2 weeks. Immediate support is placed at,350 situations,” said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.

On the diurnal map, Nifty has prevented a bearish reversal by failing a hanging man pattern conformation. The instigation index RSI is in bullish crossover and rising, suggesting a rise in ongoing bullish instigation.

The short term trend looks positive. On the lower end, support is placed at,400. On the advanced end, resistance is placed at,616/,800,” said Rupak De, Senior Technical Analyst at LKP Securities.