If the Nifty 50 breaks the low of this month around 21,300, the crucial support, then further correction towards 21,000 mark can t be ruled out, while 21,850 will be crucial for further upside in the sell on rally market, experts said
General Insurance Corporation of India has seen a decisive breakout of horizontal resistance trendline on the daily charts. The stock has formed robust bullish candlestick pattern with strong volumes and traded above all key moving averages.
Sun Pharmaceutical Industries formed healthy bullish candlestick pattern on the daily timeframe with above average volumes and traded above all key moving averages.
Considering the overall chart structure, the expert anticipates short-term volatility and recommends buying Nifty at support near the 21,100 – 21,000 zone for an upside potential ranging from 21,500 to 21,850 levels.