Tech View: Nifty may show resistance at 19,800. What traders should do next week

Nifty on Friday ended 108 points higher to form a bullish Doji candle on the daily chart while on the weekly scale a Dragonfly Doji pattern was noticed.

The short-term trend of Nifty has turned positive. The overall positive chart pattern indicates next overhead resistance for the Nifty around 19,800 levels for the coming week. Any dip down to 19,550-19,500 levels could be a buying opportunity, said Nagaraj Shetti of HDFC Securities.