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The Options data suggested that the 19,700-19,600 can be immediate support area for the Nifty50, while 19,800 is likely to be key hurdle on the higher side.

The Options data indicated that 19,700-19,600 is expected to be key support for the next week, while 19,800 is likely to be critical for the higher side.

The weekly Options data suggest that 19,800 is expected to be key area for the further decisive direction on either side of the market

A decisive move above 19,800 will likely take the Nifty towards 20,000-20,200. Support is at 19,650

A decisive move above the day’s high of 19,718 can take the index towards 19,800-20,000 in the coming sessions, with 19,300 acting as a crucial support, experts say

The sharp jump in volatility also made the trend favourable for bears and gave discomfort for bulls. Going above 12-13 levels can bring more bearish trend in the market, experts said

India VIX, which measures the expected volatility in the Nifty50 for next thirty days, fell by 5.57 percent from 10.94, to 10.33 levels, the lowest closing since August 1, which boosted confidence amongst bulls.

The Nifty may face hurdle at 19,500-19,700 on the higher side, with support at 19,400-19,200 range. If it slips below 19,200, a deep correction is likely

Options data suggested that 19,500 is expected to be crucial for further downside in the market, while the index may face hurdle on the higher side at 19,700-19,800 levels

Technical View | Bullish Harami kind of candlestick pattern formation at the downtrend indicates that the bearish trend may be reversing. Generally, the high and low of this candle are important for following sessions to know the further trend.