Nifty might compromise more, assistance at 19,250: Analysts

Nifty on Friday published its 4th straight weekly loss. The index closed at 19,310. Nifty is most likely to discover assistance at 19,250– 19,295 levels. If it stops working to sustain above 19,420 levels, it might drop to 19,100 and 18,888 zones, according to technical experts. They stated that Maruti, Max Financial, Escorts, ACC, Ambuja Cement, Eicher Motor, Bharat Forge, MRF, Axis Bank, Dixon, IDFC First, and Zee have favorable set-ups. CHANDAN TAPARIA ANALYST-DERIVATIVES, MOTILAL OSWAL FINANCIAL SERVICES Where is the Nifty headed today? Till Nifty holds listed below 19,420 zone, general weak point might be seen towards 19,100 and 18,888 zones, whereas the obstacles are positioned at 19,420 and after that 19,560 zones. What should financiers do? Sector-wise bullish development is seen in automobile, FMCG and selective cement; while the metal and IT sectors are weak. Stock-wise favorable setups are seen in Escorts, ACC, Ambuja Cement, Eicher Motor, Bharat Forge, MRF, Axis Bank, Dixon and IDFC First Bank, while weak point in Astral, Naukri, Balrampur Chini, L&T Finance, IEX, M&M Finance and BPCL. RAHUL SHARMA DIRECTOR, HEADTECHNICAL & DERIVATIVE, JM FINANCIAL SERVICES Where is the Nifty headed today? Failure to break 19,250 and breach of resistances would indicate fresh longs addition can be done. Short just if we break 19,250 decisively. What should financiers do? Maruti, trading at Rs 9,456, has actually seen brief covering on Friday and 12-day high volumes. Anticipate it to evaluate Rs 9,620- 9,700 o
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