However if index crosses above 19580 level it would witness pullback rally which would take the index towards 19650-19700 - Jainam Share Consultants
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Nifty
Nifty opened with an upward gap and r e m a i n e d i n p o si t i v e t e r r a i n throughout the day. Nifty closed at 19546 with a gain of 110 points. On the daily chart the index has formed a small bullish candle with shadows on either side representing indecisiveness amongst participants regarding the direction. The chart pattern suggests that if Nifty breaks and sustains below 19480 level it would witness selling which would lead the index towards 19450-19350 levels. However if index crosses above 19580 level it would witness pullback rally which would take the index towards 19650-19700.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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