Markets are expected to log gains in early trades Thursday as investors would take cues from overnight gains in US indices. Bargain hunting and value buying could be seen as investors would be selective after the record rally in recent months. Interest rate sensitive stocks could be under spotlight amid RBI's monetary policy announcement in a few hours time. The committee is also likely to retain the monetary policy stance as ‘withdrawal of accommodation’. The technical landscape still suggests that Nifty is aiming for a massive breakout on the upside on the daily charts. All bullish eyes will be on Nifty’s all-time-high at 22127 mark, while intra-day support for the index is now seen at 21711 mark followed by 21557 mark. For Bank Nifty, investors can buy at the current market price of 45819 with a stop loss at 44711 and targets ranging between 46377-47100 levels.
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