Tech View: Move above 19,650 could trigger short covering. What traders should do next week

The short-term trend of the Nifty remains negative. A slide below the immediate support of 19,480 could drag Nifty towards another important support of 19,350 levels in the near term. Immediate resistance is placed around 19,650 levels, said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.

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