Technical View | Late-trade recovery takes Nifty near one-month high; 19,700 next level to watch
Option data indicated that 19,700 is expected to be the next key resistance area for the Nifty50, with support at 19,500.
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Option data indicated that 19,700 is expected to be the next key resistance area for the Nifty50, with support at 19,500.
Most traders are finding it harder to make big profits because the volatility in a particular index on expiry day has reduced significantly, says Kirubakaran Rajendran
India VIX, the fear index, hit one-month low at 10.82, down by 1.34 percent, making the trend more favourable for bulls.
The options data indicates that the Nifty can move towards 19,600-19,700 levels in the coming sessions, with support at 19,400
For Nifty, closing and sustaining above 19,500 in the coming days can open doors for 19,800 levels, with crucial support at the 19,250-19,200 area, which has been held so far by the market, experts said