According to the technical analyst, the Nifty Pharma index is likely to get support around 11,981 level.
According to the technical analyst, the Nifty Realty, Pharma and Media index and its constituents can be accumulated once the corrective move is over.
According to the technical analyst, the Nifty FMCG index is gyrating in a 1,000-point range, a breakout from the same could trigger a fresh trend.
Meanwhile, the NIFTY Pvt Banks Index is expected to seek support between 19,936 and 19,916 range, says the technical analyst.
According to the technical analyst, the key support for the Nifty is at 17,475, below which the NSE benchmark can slide to 17,040 and 16,660 levels.
According to the technical analyst, the Nifty Energy index can drop to 24,239, and the Pharma to 12,100.
According to the technical analyst, the Nifty Pharma index can rally up to 13,250 level, while the Media index can surge to 2,080 level.
According to the technical analyst, the Nifty Auto index can rally to 13,050 - 13,160 levels.
According to the technical analyst, the Nifty 50 is expected to get strong support in the range of 17,925 to 18,000.
As per the technical analyst, the best trading strategy for traders would be to buy Nifty IT either at the current market price or at dips, with a target of 31,500
According to the technical analyst, the near-term trend for the Nifty has turned from rangebound to bullish as the index broke and closed above a previously identified resistance level on the charts.
According to the technical analyst, Bank Nifty's break out from within the range of 41,725 to 42,725, would indicate a trend change in the charts
According to the technical analyst, the near-term trading range on the Nifty is 18,149 - 17,760, close above or below would add trigger in the direction.
The best trading strategy Nifty Auto index would be to sell near resistance levels until we get close above new high
According to the technical analyst, a big move on the Nifty is likely once the trading range is dismissed.
According to the technical analyst, the Nifty Private Bank, PSU Bank and Financial Services indices may extend the pullback in the near term.
According to the technical analyst, the if the Bank Nifty fails to hold 41,569 the trend may bearish in the short term.
According to the technical analyst, the if the NSE Nifty 50 benchmark surpasses the resistance a rally to 18,265 seems likely.
According to the technical analyst, the IT index is expected to consolidate between 30,600 - 26,300 range.
18,125 will trigger some strength for bulls on Nifty50 index whereas the expected targets would be 18,180 - 18,225 - 18,300