However if index crosses above 19430 level it would witness pullback rally which would take the index towards 19500-19600 - Jainam Share Consultants
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Nifty
Nifty opened with an upward gap and r em a i n e d i n p o siti v e t e rr a i n throughout the day. Nifty closed at 19412 with a gain of 181 points. On the daily chart the index has formed a small bullish candle forming higher High-Low formation compare to previous session indicating positive bias. The chart pattern suggests that if Nifty breaks and sustains below 19300 level it would witness selling which would lead the index towards 19200- 19100 levels. However if index crosses above 19430 level it would witness pullback rally which would take the index towards 19500-19600.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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