Long Strangle News Today

Short covering may emerge if the index decisively crosses 47,500, while the 47,000 mark is anticipated to hold in todays trade, analysts have said.

Krishnan sees a strong support at 19,300 with the sheet anchor lying around the 19,250-19,200 zone and 19,500 acting as a strong resistance and only a decisive breakthrough will re-strengthen the undertone in his opinion.