Santosh Meena, Head of Research, Swastika Investmart Ltd, said,''The current uptrend in the Nifty is undeniably strong, and there is a possibility that it may surpass the 20000 mark by the end of this month. However, it’s worth noting that certain short-term technical and derivative indicators are approaching overbought levels, which suggests that a minor correction or consolidation could occur. In this context, it is important to consider that 19800 is a critical resistance level that needs to be overcome for further upside potential. If the Nifty manages to sustain above this level, it could potentially reach 20000 and even 20200.Read more at:
