Market up 100 points, Nifty above 11,550; Bank Nifty hits 30,000

The Nifty Bank unfolded stretched and climbed towards our target of 30,000 and has closed in the green. I would just watch crucial support at 29,550 and trade long. The logical target beyond 30,000 is 30324. Oil prices on Friday hovered close to 2019 peaks reached the previous day, propped up by supply cuts led by producer club OPEC and by US sanctions against Iran and Venezuela. It is good to start for the Indian indices on the last day of the week with Nifty around 11,550 level.

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