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The chart pattern suggests that if Nifty crosses and sustains above 19850 level - Jainam Share Consultants
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Nifty
Nifty opened on a flat note but buying led the index upwards to end in the green. Nifty closed at 19765 with a gain of 90 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 19850 level it would witness buying which would lead the index towards 19900-20000 levels. Important Supports for the day is around 19700 However if index sustains below 19700 then it may witness profit booking which would take the index towards 19600-19500 levels.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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