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As per analysts for Nifty the 19,850-19,900 zone is a crucial resistance zone that must be surpassed for the extension of its rally towards its life high levels
Nifty's overall Range for the day could be 19,550-19,600 on the downside and 19,810-19,840 on the upside, analysts says.
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Ahead of Market: 12 things that will decide stock action on Thursday SECTIONS Share Synopsis Gaurav Ratnaparkhi of Sharekhan said, "On the daily chart, the Nifty has formed an Inside bar for which the breakout level on the upside is at 14,724. The overall structure shows that the benchmark index is preparing for the next leg of the recovery." Agencies Chandan Taparia of Motilal Oswal Securities said the index formed a high low with support at 14,500 level, but mostly traded inside a trading range. Related NSE Explore Now NEW DELHI: Nifty saw a gap-up opening on Wednesday and traded on a vola...