Nifty is forming a rounding pattern on daily and weekly time frame also its has formed a nen star harmonic pattern the possibility of Nifty going to 19480 level this week cannot be ruled out with maximum upside for the july series could be around 19700 levels but there will be certain level of retracement in which if Nifty trades below 19019-18960 on a daily closing basis then we may see lower levels which may take it to 18350 levels