The Nifty50 index opened with a gap up and extended its gains towards the 10,710 level on Monday. Bank Nifty continued its positive momentum for the third consecutive session and headed towards the 26,700 level. Long buildup was seen in HeroMoto Corp, Idea, Indiabulls Housing Finance, Havells and Pidilite while shorts were seen in Bharti Airtel , TechM, PC Jewellers, UBL and M&M. (Chandan Taparia is Technical & Derivative Analyst at Motilal Oswal Securities. Investors are advised to consult financial advisers before taking an investment calls based on these observations)

Source: Economic Times May 28, 2018 11:48 UTC