Importantly, Nifty has rolled inside the improving quadrant of the RRG; this may lead to the large-caps starting to relatively outperform the broader mid and small-cap space over the coming weeks. A stable start is expected for the week; the levels of 19880 and 20075 may act as resistance points. The supports are likely to come in at 19535 and 19410.
"Macroeconomic indicators, trends in global stock markets, and Foreign Institutional Investors (FIIs) activities will be pivotal in shaping market trends in the coming days," said " Pravesh Gour, Senior Technical Analyst, Swastika Investmart, while highlighting the movement of rupee against the dollar along with the listing of Jio Financial Services on Monday, August 21.
Consumer durables shares were the top sectoral gainers on Friday with their BSE index zooming 901 points to 43,263, while IT, metal and oil and gas stocks were the top losers.