Dalal Street Week Ahead: Caution! Risk-off mood may take hold of Nifty; stick to defensives

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From a technical perspective, the high point of 19,991 has now become an intermediate top for the markets. In the process of retracement from higher levels, Nifty has also dragged its resistance down to 19,750 levels. This makes the zone of 19,750-19,900 a strong resistance area for the markets unless taken out comprehensively.

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Tech View: Nifty’s near-term trend weak; breakout above 23,350 may trigger upside bounce. How to trade on Thursday

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