Nifty to remain in 18,500-18,900 range; PSU banks likely to outperform: Pritesh Mehta, Yes Securities

Churning action is expected to continue for the next few weeks. Upside count of Nifty as per P&F chart continues to be open around 19,300, yet we are likely to see range-bound action between 18,500-18,900 in the near term.