"The Nifty index is currently experiencing profit booking around the psychological level of 20,000, but there are no significant signs of weakness in the market. The 20-day moving average (20-DMA), which aligns with the 19,500 level, is crucial as it serves as a critical support level. Only if the Nifty falls below this level can we anticipate a potential correction in the market. On the upside, the immediate resistance area lies between 19,800 and 20,000," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd.Read more:
