Street Signs: Nifty's 19,300-19,800 range, IPO pot to keep boiling & more

With less than four months left for the review period to complete for the March rebalancing of the National Stock Exchange (NSE) Nifty indices

Tug of war: 19,800 breakout or 19,300 support zone?

The markets experienced a see-saw movement last week, with the benchmark National Stock Exchange Nifty dropping by 202 points in the first two trading sessions and then gaining 217 points in the latter two sessions, ultimately closing the week at 19,638. Similar to the preceding week, robust buying emerged after the Nifty fell below the 19,500 mark. Pravesh Gour, senior technical analyst at Swastika Investmart, noted, “The real challenge lies in surpassing the 20-day moving average at 19,800, coinciding with a high open interest area. Breaking through this level at 19,800