Tech View: Rise above 19850 might spark rally towards 20K. What traders should do on Wednesday

The short-term trend of Nifty continues to be range-bound. The present consolidation pattern could eventually result in a decisive upside breakout of the hurdle at 19900 levels from here or from slightly lower levels. The anticipated upside breakout could pull Nifty towards the new all-time highs. Immediate support is at 19,650 levels, said Nagaraj Shetti of HDFC Securities.

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