Cautious Start Expected for Sensex and Nifty, Global Cues Mixed

Asian stocks initially exhibited a varied start but later edged higher on Tuesday. Sensex and Nifty 50, are expected to experience a subdued beginning.

Technical analysis indicates a challenge for Nifty around the 19,800 level, with key indices maintaining a narrow trading range. The Nifty 50 aims to sustain its weekly winning streak, holding just below 19,800.

Analysts suggest watching the option activity at the 19,800 Strike for potential market direction. Bank Nifty may witness a sideways to higher trend, with support near 43,000.

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