After the US monetary policy outcome tomorrow, both the indices may see a directional move, but at this moment the market is a little bullish and there is no such bearishness.
As per Angel One, this week 20850 is viewed as immediate support, and sustained trading below this level could trigger a price correction, potentially bringing prices toward the next support at 20700.
The trend is likely to be volatile. As long as the index stays above 19,550, an upmove towards 19,800 and then 19,920 is poosible. On the downside, support is at 19,550 and 19,450, say experts
Analyst suggests traders looking to capitalize on this upward potential to consider an accumulation of the stock in the range of Rs 620 to 622.5. Setting a stop loss at Rs 576 (closing basis) shall help manage risks effectively