Nifty Likely To Face Resistance Around 10K; 4 Stocks Which Can Give Up To 20% Upside

The Nifty index managed to close above its triangle pattern which was broke in Friday’s session of last week. On Wednesday, index opened gap down but managed to close above 9,900 making strong support at 9,900-9,880.

Last week, the index managed to close above 9,950 and formed a ‘Hammer’ kind of candle pattern on the weekly charts. This week, Nifty again took resistance at 9,980 and due to the geopolitical concern we have seen selling pressure in the index.

For the coming sessions, the index has strong support near 9,880 followed by 9850 and breaking below 9,850 we may see more drag down in index up to 9,740.

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