On daily charts, we can observe that the Nifty is unable to sustain at higher levels. The key hourly moving averages placed in the zone 19,590– 19,640 is acting as a stiff resistance and until the Nifty does not manage to close above this resistance zone we can expect the weakness to continue.
2 top stock recommendations from CA Rudramurthy
CA Rudramurthy BV advises buying on dips in Nifty until it stays above 25,000, with 25,200 as strong support. He suggests similar strategy for Bank