Strong buying across the telecom sector, following the Union Cabinet's approval of the bank guarantee waiver for telcos, also boosted sentiment for Tata Teleservices.
A close above 19,300 might confirm a bottom and the Nifty50 might be heading towards much higher levels.
On October 25, Nifty50 dropped 160 points to 19,122, forming a bearish candlestick pattern on the daily charts with a bearish RSI crossover. BSE Sensex also declined by 523 points, closing at 64,049. Notably, Amber Enterprises India, Tata Teleservices, and Tata Elxsi stood out as stocks that defied the bearish trend.