ETMarkets Smart Talk: Nifty can scale new peak this month, says Kunal Shah, LKP Securities

The bulls defended support on the lower end in both the indices, and the index witnessed a sharp recovery in the closing hour of the session. If the Nifty index breaks above 18,200 once, we will see a short covering towards the 18,500-18700 levels. If Nifty Bank once breaks above 41,500, we will see short covering towards 43,000 levels. The momentum oscillators are in the strong buying zone, which confirms the internal strength