Stock Market Live Updates Today: Will BSE Sensex, Nifty50 extend rally? Asian stocks trade lower, oil prices up

Index formed a high wave candlestick pattern with a higher high and a higher low signaling continuation of the positive momentum. Index in the daily chart has recently generated a bullish crossover of 20 & 50 days EMA thus supports the positive bias in the index. Going ahead, a decisive move above last week high of 24,189 could reignite momentum and pave the way for an advance towards 58,300 and 59,250 levels in the coming sessions being the measuring implication of the recent range breakout and the 138.2% external retracement of the previous decline 57456-52783. Some consolidation after 5000 points…