Nifty Could Weaken More, Support at 19,250: Analysts

Nifty Could Weaken More, Support at 19,250: Analysts

Nifty, the benchmark index of the Indian stock market, posted its fourth consecutive weekly loss on Friday. The index closed at 19,310 and is expected to find support at the levels of 19,250 – 19,295, according to technical analysts. They also mentioned that several stocks including Maruti, Max Financial, Escorts, ACC, Ambuja Cement, Eicher Motor, Bharat Forge, MRF, Axis Bank, Dixon, IDFC First, and Zee have positive set-ups. However, if Nifty fails to sustain above the level of 19,420, it may drop to 19,100 and 18,888 zones. Traders and investors are advised to keep a close eye on these levels and make informed decisions. Overall weakness in the market may be seen until Nifty holds below 19,420 zone.

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TIS Staff

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