The chart pattern suggests that if Nifty crosses and sustains above 19800 level - Jainam Share Consultants
![](https://portfolio.investmentguruindia.com/uploads/news/jainam share consultant.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Nifty
Nifty opened with an downward gap but witness ed buy ing from the opening tick to end positive. Nifty closed at 19718 with a loss of 47 points. On the daily chart the index has formed a small Bullish candle with upper shadow indicating selling pressure as well as resistance at higher levels. The chart pattern suggests that if Nifty crosses and sustains above 19800 level it would witness buying which would lead the index towards 1990 0 -2 0 0 0 0 l evels. Important Supports for the day is around 19650 However if index sustains below 19650 then it may witness profit booking which would take the index towards 19600-19500 levels.
Please refer disclaimer at https://jainam.in/
SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
![](https://portfolio.investmentguruindia.com/uploads/news/Stylam Industries Ltd..jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/IBM299.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/startup.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/State Bank of India Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/saas.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Tata Motors Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Bank of Baroda Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/timkenindia.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/World29.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/laptop29.jpg)