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NCC has seen a breakout of horizontal resistance trendline adjoining multiple touch points and formed long bullish candlestick pattern with strong volumes on the daily scale. With Thursdays rally, stock traded well above all key moving averages.

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Investors should aim for portfolios that are well diversified, across both asset classes and locations

Positional Traders are advised to remain cautious till Nifty closes above 19,800 levels.

A bullish reversal stokes hopes for further rise in the Nifty50 and, if it comes true, then 19,800-20,000 can be a possibility in the coming days, with immediate support at 19,600-19,500 and crucial support at the 19,300 levels, experts said

From a technical point of view, the 19,720-19,750 zone withholds the sturdy resistance, followed by the next cluster around 19,800-19,850 for the current week.

Q2 results: Siddarth Bhamre of Religare Broking is not in favour of an increase in trading hours be it for F&O or/and the cash segment.

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There weren’t any surprises in the Governors’ statement. Sometimes no news is good news, which is why markets have reacted with a slightly positive bias, says Apurva Sheth, Head of Market Perspectives & Research at SAMCO Securities.

Looking ahead, the Nifty50 may continue to follow a bearish trend as long as it remains below 19,500, with initial support likely around 19,330.