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On the lower side, 22,350-22,300 is the immediate key support for Nifty and as long as this holds, the chances of consolidation with positive is seen.
Kothari, DVP, who has around 15 years of work experience in technical research, is bullish on Balrampur Chini Mills and DCM Shriram for the coming week.
It is advisable to consider buying opportunities at the current market price, targeting potential upside levels ranging from 22,783 to 23,170 on the Nifty.
Ashok Leyland recorded healthy gains for yet another session and formed strong bullish candlestick pattern on the daily charts with above-average volumes.
The consolidation in Nifty Pharma index is likely to breakout on the upside, says Jatin Gedia, who is a technical research analyst at Sharekhan by BNP Paribas.