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Nifty may trade in 19,500-900 range

Closing below 50% retracement level is another negative factor; Currently, Nifty is just 0.73% above 50DMA

More selling pressure on bounces likely as technical structure changed in last 3 sessions

Nifty has formed lower lows and lower highs, and is closing below 50DMA indicating a change in mkt status to a confirmed downtrend

The index has formed most bearish candle on Friday; Current mkt structure turned weak, as it is forming lower highs and lower lows

For the bulls, fresh uptrend rally possible only after dismissal of 66,100pts, above which, it could move till 66,300-66,400 levels

On weekly charts, the index has formed long bullish candle which indicating continuation of uptrend.

As weekly derivative expiry is closer, expect some wild moves

Mumbai: The benchmark indices on Tuesday witnessed range-bound activity. BSE Sensex was closed at 61,761 points. Among sectors, some buying was...