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While 19850 is proving to be a tough resistance to break, the short- term trend of Nifty remains range- bound with a positive bias. A decisive move above 19850-19900 levels is expected to open a sharp upside towards new all-time highs
Rupak De, LKP Securities said, "Nifty traded sideways for most of the session except for the last hour, during which it recovered from the day's low. The overall sentiment remains positive as the index has held above the crucial support level of 19,500. Resistance is positioned at 19,850 on the higher end; a breakthrough could potentially propel the Nifty towards the 20,200 mark."
(1) CHENGDU WORLDCON ROUNDUP. [Item by Ersatz Culture.] Part two of Huawen's con report The first part of this con report was covered in yesterday's Scroll; here are some extracts from the second part, as usual via Google Translate with manual cleanup edits. (Warning: the original post is very meme heavy towards the end; I've skipped them in
For the the current week, 19,500 might be an important support on a closing basis. A convincing move below the same might bring the swing low of 19,333, which is also the low of Doji under threat. This can be a fresh trigger for further panic.
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