Nifty on Friday formed a long bull candle on the daily chart as it closed 217 points higher at a lifetime closing high of 19,189. Chart readers point out that the headline equity index has been forming higher highs on a weekly scale for the last fourteen weeks and supports are gradually shifting higher.Now it has to continue to hold above 19100 zones to extend the move towards 19,300 and 19,500 zones, while on the downside support exists at 19,000 and 18,888 zones, said Chandan Taparia of Motilal Oswal.India VIX was down by 0.83% from 10.89 to 10.80 levels. Volatility is hovering below 11 zones, which are supporting the bulls at record-high levels.Momentum indicator RSI has shown a bullish crossover on the daily timeframe, suggesting strong momentum.Options data suggests a broader trading range between 18800 to 19500 zones, while an immediate trading range between 19000 to 19350 zones.What should traders do? Here’s what analysts said:Nagaraj Shetti, Technical Research Analyst, HDFC SecuritiesThe near-term uptrend of the Nifty remains intact and one may expect the Nifty to reach up to 19,500 levels in the coming week. Immediate support is at 19,050 levels.Amol Athawale, Kotak SecuritiesFor bulls, 19,050 and 19,000 would act as key support zones while 19,300-19,400 would be crucial resistance areas. However, below 19,000, traders may prefer to exit from the long positions. For Bank Nifty, as long as it is trading above 44,300 the breakout texture is likely to continue and could move up to 45,000-45,300. Jatin Gedia, Technical Research Analyst, Sharekhan by BNP ParibasOn the daily charts, we can observe that after breaking out from the 18500 – 18900 zone the Nifty has been witnessing follow-through buying interest. The daily momentum indicator, which was lagging, has triggered a bullish crossover and is now in sync with the price action. Thus, both price and momentum indicators suggest a further upside in the index. The short-term and medium-term targets have been achieved and hence we are revising it upwards to 19500 and 20200, respectively. In terms of levels, 19,000– 19,050 shall act as a crucial support zone, while 19380 – 19400 shall act as a crucial resistance zone.As far as Bank Nifty is concerned, the Index has decisively closed above the broad trading range 44500 – 43500. This indicates a breakout and also suggests that Bank Nifty could see trending moves on the upside. The daily momentum indicator has triggered a fresh positive crossover which is a buy signal. Thus, both price and momentum indicators are suggesting a further upside in the Bank Nifty. On the upside we expect it to target levels of 45,200.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)