Nifty on Thursday surpassed the immediate resistance of 19,650 levels to close 116 points higher and formed a long bull candle on the daily chart. The overall chart pattern is indicating a larger upside breakout of a broader consolidation/triangle pattern of the last 5 weeks and this is opening a potential upside target for Nifty around 20,000-20,200 levels over the next couple of weeks. Traders should keep a close watch on Nifty’s movement and take appropriate actions on Friday.