Rajesh Palviya, Head of Technical Research at Axis Securities, expects benchmark Nifty50 to touch fresh record highs in the November derivatives series, supported by strong momentum in large-cap and midcap stocks.

Speaking to Business Today on Thursday, Palviya said, "Looking at the broader market, we believe that we are going to see a new all-time high trajectory in the November series. It may take another couple of weeks, but considering the sectoral rotation and positive sentiment seen in recent sessions, the outlook remains bullish." Advertisement

He added that both Nifty and Nifty Bank are showing strong technical structures. "Nifty Bank is comfortably holding strength and the way most of the large-cap private as well as PSU banks are showing traction, we believe that Nifty Bank

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