Klong Put News Today

Rupak De, Senior Technical analyst at LKP Securities expects bearish trend to continue in the markets going ahead till the time Nifty stays below 19,500, with initial support likely around 19,330. A fall below this level could take the Nifty towards 19,250-19,200, he opines.

"Despite this short-term profit booking, the broader picture reveals that the medium to long-term trend remains bullish. Hence, any minor price corrections should be seen as a buying opportunity for traders. The buying momentum is expected to continue to propel the index towards the 19800-20000 levels in the upcoming weeks."