However, a non-stop rally of 900 points from 18600 level and a PCR ratio of around 1.50 suggest a slightly overbought condition for the market. The immediate resistance is visible at 19500; a failure to move above 19500 on a sustained basis might call for profit booking in the market.
Should you book profits in KRN Heat Exchanger after multibagger debut?
KRN Heat Exchanger had an impressive stock market debut, jumping 118% above its issue price after strong IPO demand of over 213 times. The stock