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Today morning, Asian markets are trading mixed with modest changes and SGX Nifty is trading around 9196, which is 240 points higher than Friday's close of Nifty future at 8955. A 240 points higher start would take Nifty to 9176, which will be a record high for the benchmark, as previous high made in March 2015 was 9119.
As readers would recall, we have been saying that a decisive crossover of 8970, the top made in September 2016, would mark a big breakout from the 2-year consolidation and net major target to eye in that case would be around 10000.
While Nifty might go for a small phase of consolidation after today's big gap up opening, 10000, as mentioned above, would be the big target to eye over next couple of months.