FII flows, IPO action among top 10 factors to dictate Dalal Street mood this week

“As we step into a new month, the market is brimming with various domestic and global macroeconomic indicators expected to sustain its momentum,” said Pravesh Gour, Senior Technical Analyst, Swastika Investmart. Technically, Nifty is trying to create a base around the 19,200 level, but it has to cross the 19,600 resistance level to resume its bullish momentum, Gour said, adding that above 19,600, one can expect a move towards the 19,650–19,700 zones. He sees the crucial support level at 19,191, followed by the next support at 18,888.