Although selling pressure emerged from near 20,100 levels, there is no confirmation of any top reversal pattern forming at the new highs. But, a decisive up move above the 20,100-20,150 level is expected to bring more upside towards 20,350-20,450 levels in the near term. Immediate support is placed at 19,950 levels, said Nagaraj Shetti of HDFC Securities.
Tech View: Nifty charts reflect indecisive mood on Street. What traders should do on Thursday
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