However if index crosses above 19000 level it would witness pullback rally which would take the index towards 19200-19350 - Jainam Share Consultants
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Nifty
Nifty opened with a downward gap and traded with extreme volatility on either side to end on negative note. Nifty closed at 18857 with a loss of 265 points. On the daily chart the index has formed a long Bearish candle forming lower High-Low compare to previous session indicating negative bias. The chart pattern suggests that if Nifty breaks and sustains below 18800 level it would witness selling which would lead the index towards 18700-18600 levels. However if index crosses above 19000 level it would witness pullback rally which would take the index towards 19200-19350.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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