Bank, auto, energy stocks may push Nifty higher: Mitesh Thacker

In a chat with ET Now, Mitesh Thacker, Technical Analyst, miteshthacker.com, shares his view on the direction of the market.

ET Now: What is your view on the market?

Mitesh Thacker: I would maintain a positive bias on the market. Once Nifty crosses the recent swing high of 8,550, there could be more momentum coming in on the upside. I expect Nifty to test 8,630-8,780 range. The Bank Nifty would then start participating, getting pass the 18,950. The banking index could trigger some kind of an upmove along with auto and energy stocks.