The market concluded a consolidative session on a negative note on November 20th, continuing to trade within the range of 19,600-19,875. However, analysts believe that if the support level at 19,600-19,550 remains intact, the ongoing consolidation is likely to break out towards higher levels. The market has been oscillating between the mentioned range, indicating a lack of clear direction. Investors are keenly observing support levels to determine potential breakouts. Market participants are suggested to monitor these levels closely for the possibility of a bullish trend emerging.
Market Ends Consolidative Session on Negative Note
The market ended another consolidative session on a negative note, remaining within the range of 19,600-19,875. Consolidation is expected to break out on the higher side if support at 19,600-19,550 holds.
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