The Nifty has successfully broken out of its consolidation phase, closing above the significant resistance at 19,875. The potential for a further rally towards the 20,150-20,220 levels is now evident.Notably, the immediate and robust support level stands at 19,800, providing a solid foundation, with 19,600 acting as a pivotal base for any potential pullback,said Pravesh Gour,senior research analyst at Swastika Investmart.Read more:
These 3 Stocks May Deliver 12-14% Return as Nifty Aims for a Record High - Moneycontrol
