The market is expected to consolidate further as long as the frontline indices continue trading below their medium-term moving averages. Below are some short-term trading ideas to consider.
Consolidation is expected to continue in the upcoming sessions until the frontline indices trade above their short-term moving averages. Below are some short-term trading ideas to consider.
Stocks like Ipca Laboratories, Gujarat Toolroom, Cummins India, Asian Paints, Vardhman Polytex, ITC, State Bank of India, JSW Infrastructure, Allcargo Gati, IOL Chemicals, Brigade Enterprises, Wipro, Borosil Renewables, and IRCON International will also be in focus on December 19.
The momentum can take the Nifty50 towards 18,500-18,700 in coming sessions, if it sustains 18,200 mark which can be near term support, followed by 18,000 being crucial support, experts said