The market showed a positive trend with Nifty expected to reach 22,800, supported by technical analysis indicating further rally potential. The short-covering list included 60 stocks like Godrej Properties and Divis Laboratories.
The market closed at new highs, with Sensex rising 494 points to 74,743 and Nifty 50 jumping 153 points to 22,666. The bullish candlestick pattern suggests a positive bias for future market movements.