Technical View | Nifty has to close above 19,250 for uptrend to hold, say experts
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
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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
The Options data indicated that the Nifty may see resistance at 19,100-19,200, with support at 18,900-18,800 levels.
The Options data suggests that 19,200-19,300 will remain the key resistance area for further upside in the Nifty50, with support at 19,000-18,900 levels.
The closing price of previous trade i.e. 19,050 is the immediate support for the Nifty50.
As long as the index stays below the critical breakdown level of 19,250, the participants may continue to be inclined towards selling on any upward movement