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The short-term trend for the Nifty continues to be negative and there is a possibility of some more weakness in the coming sessions, Nagaraj Shetti of HDFC Securities has said
19,500 is expected to remain a crucial for bulls to get it conquered for gaining strength going ahead, whereas the support stays at 19,300-19,250 levels, experts said
If the Nifty goes past and holds above 19,500, it can move towards 19,650 but in case of a fall, another round of selling pressure is likely, experts have said
The index has to breakout of the 19,500-19,250 range on either side for a clear direction, say experts
To sustain the consistent uptrend, the Nifty has to go past and sustain above the 19,500 mark on a closing basis, while the support remains at 19,300-19,250