Tech View: Nifty’s next hurdle at 19,850-20,050. Here’s what traders should do on Thursday

The short-term trend of the Nifty remains positive. Having moved above the key resistance of around 19,600 levels, there is a possibility of Nifty advancing towards the next set of hurdles of around 19,850 and the next 20,050 levels in the near term. Any dips down to the immediate support of 19,500 could be a buy-on-dips opportunity, said Nagaraj Shetti of HDFC Securities.

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