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
The market seems to have entered into consolidation mode with hurdle on the higher side at 21,593, the record high, and the support for the Nifty 50 on the lower side at 21,200-21,000 levels.
Experts expect the Nifty to hit 21,500-22,000 points in coming months. The Nifty has formed bullish candlestick pattern with long lower shadow on the daily charts on December 5, indicating buying interest at lower levels.