Last week, we mentioned that 19600 would be an important support level for #NIFTY50 , and it turned out to be the case. Nifty found support at this level three times during the week. Although there was a brief attempt to drop below this level, it quickly rebounded and closed above our support level.
Looking ahead to next week, 19600 is likely to continue serving as immediate support. If it fails to hold, there's a potential for further decline. On a positive note, if Nifty manages to sustain above 19720, we may see some positive momentum.
#NIFTYBANK to remain weak until trading below 44850
