However if index crosses above 19735 level it would witness pullback rally which would take the index towards 19850-19900 - Jainam Share Consultants
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Nifty
Nifty opened on a flat note and remained in a small range throughout the day. Nifty closed at 19675 with a loss of 0.30 points. On the daily chart the index has formed a Doji candlestick formation indicating indecisiveness amongst market participants regarding the direction . The chart pattern suggests that if Nifty breaks and sustains below 19600 level it would witness selling which would lead the index towards 19550-19500 levels. However if index crosses above 19735 level it would witness pullback rally which would take the index towards 19850-19900.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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