Tech View: Call writers run for cover as Nifty ends above 19,750. What traders should do on Tuesday

Nifty on Monday resumed the uptrend after a two-day fall and ended about 108 points higher above the 19,750 mark to form a green candle with a minor lower shadow on the daily chart.
After forming a series of higher highs and higher lows over the last 2 months, Nifty seems to have formed minor degrees of lower highs and lower lows in the last 4-5 sessions amidst range movement. This pattern could be reflecting ongoing consolidation in the market. However, a sustainable move above 19,870 levels is expected to negate this bearish pattern, Nagaraj Shetti of HDFC Securities.