However if index crosses above 19250 level it would witness pullback rally which would take the index towards 19300-19350 - Jainam Share Consultants
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Nifty
Nifty opened with an upward gap but witnessed selling from the opening tick to end near the day's low. Nifty closed at 19080 with a loss of 61 points. On the daily chart index has formed a small bearish candle representing resistance at higher levels. The chart pattern suggests that if Nifty breaks and sustains below 19050 level it would witness selling which would lead the index towards 19000-18900 levels. However if index crosses above 19250 level it would witness pullback rally which would take the index towards 19300-19350.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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