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The Indian market is expected to open higher but may consolidate at higher levels due to mixed global cues. The Sensex rose nearly 500 points and the Nifty50 closed at a fresh record high on Wednesday. India VIX increased by 1%, remaining below 11 zones which support the bulls. Options data suggests a trading range between 18600 and 19300 zones, with immediate support at 18888 and 18777 zones. Experts recommend buying stocks such as Quess Corp, Godrej Properties, L&T, JSW Steel, Sun Pharma, IndusInd Bank, and PFC. ....
The momentum is expected to take the index up to 19,000 mark in the coming days, with immediate support at 18,800, then 18,700-18,500 area, experts said ....
The Indian market is set to consolidate Thursday amidst muted global cues, with the Nifty50 reaching the 18700 level in trading. Analysts suggest an immediate trading range between 18650 to 18850, which produces a broader trading range of 18500 to 18900. Stocks with a short-term trading horizon recommended by various experts include Oberoi Realty, Grasim Industries, and Kansai Nerolac Paints, among others. ....
The 18,350-18,400 levels are expected to act as a strong support zone and if held in the forthcoming week, the Nifty will start moving towards 19,000 levels, according to experts ....
The consistent uptrend in all five days of last week after forming a bottom around 17,550 in the previous week raised confidence among market participants ....