However if index crosses above 19470 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 19395 with a loss of 48 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 19370 level it would witness selling which would lead the index towards 19300-19200 levels. However if index crosses above 19470 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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