Key Points
Akshay Bhagwat of JM Financial Services, states that the key level to keep track of for a short-term trend in the market is 19,600 on the Nifty..
In terms of stock-specific momentum, he predicts a breakout for Chambal Fertilisers and sees momentum picking up in Granules India..
Akshay Bhagwat, Senior Vice-President, Derivatives Research, JM Financial Services, says that on the Nifty, 19,600 is the key level to keep a track of if one is looking from a short-term trend deciding level for the market..
Till this level is held, the market should trade in a range 19,600 on the lower end and 19,850 on the upper end..
The market is range-bound but my thought is that the stock-specific momentum is still intact..
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