A breach of 18750 on Nifty50 would extend this rally towards 19000: Mehul Kothari

In addition, we are witnessing a negative divergence in daily RSI. Hence, on the downside, a break below 42,950 which is the weekly low might bring a pause to the upside momentum. In such a scenario, the index might correct towards 42,000 or more. Any short trades in the index can be considered only below 42,950.

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