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The options data suggested that 21,000 is expected to remain the key resistance area in the near term, with support at 20,800-20,500 area
The Options data indicated that 21,000-21,500 can act as a resistance zone for the Nifty50 going ahead, with support at 20,700 levels
Experts expect the Nifty to hit 21,500-22,000 points in coming months. The Nifty has formed bullish candlestick pattern with long lower shadow on the daily charts on December 5, indicating buying interest at lower levels.
A short build-up was seen in 55 stocks, which were Abbott India, M&M Financial Services, ICICI Prudential Life Insurance Company, L&T Technology Services, and IRCTC.
If the index, goes past 19,200-19,250, it can index can march towards 19,450-19,550. On the downside, immediate support is at 19,000-18,900