Technical View | Nifty forms bearish candle, a close above 19,450 crucial for upmove
Data indicates that 19,400 is likely to be crucial for the Nifty to move in either direction. Support is at 19,300-19,250, experts say
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Data indicates that 19,400 is likely to be crucial for the Nifty to move in either direction. Support is at 19,300-19,250, experts say
The Options data continued to indicate that 19,500-19,600 is going to be crucial resistance for further upside, while 19,400 seems to be an immediate support
The Options data indicated that 19,500-19,600 is likely to be the key hurdle zone for the Nifty50, with 19,300 support, but in between, 19,400 seems to be crucial for either side of the trade.
The weekly Options data suggested that 19,500-19,600 can be the next crucial resistance area for the Nifty, with support at 19,300
One should only be bullish on Nifty if it closes above its crucial 100-day moving average placed at 19,300, Kunal Shah said.