Ahead of Market: 10 things that will decide stock action on Monday
Having moved above the crucial resistance of 19500 (1.236% Fibonacci projection of weekly taken from recent bottom-top bottom). As per this pattern, the next upside target to be watched is around 1.382% Fibonacci projection at 19800 levels, which is expected to be the next upside target for the Nifty for the coming week. Immediate support is at 19470 levels,” Nagaraj Shetti, Technical Research Analyst, HDFC Securities, said.
