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Weekly analysis indicates the Nifty 50 hovering below the middle Bollinger band, with potential support identified in the 21,550-21,500 zone.
Immediate supports for the Nifty are seen at 21,448 and 21,137, derived from the previous swing lows.
Zydus Lifesciences formed strong bullish candlestick pattern on the daily charts, with robust volumes, while on the monthly basis, it has continued run up for fourth consecutive month.
There seems to be a chance that the interest rate cuts by both the RBI and the Fed might be delayed further, says Sonam Srivastava.
FY24 is expected to end on a good note with markets at near all-time high levels, says Poonam Tandon of IndiaFirst.