However if index crosses above 19350 level it would witness pullback rally which would take the index towards 19450-19500 - Jainam Share Consultants
Nifty
Nifty opened with an downward gap and selling pressure throughout the session dragged it lower to end near lowest point of the day . Nifty closed at 19266 with a loss of 121 points. On the daily chart index has formed a small bearish candle forming lower High-Low compare to previous session and has closed below previous session's low indicating negative bias. The chart pattern suggests that if Nifty breaks and sustains below 19230 level it would witness selling which would lead the index towards 19100-19000 levels. However if index crosses above 19350 level it would witness pullback rally which would take the index towards 19450-19500
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