Nifty Seems to be defying gravity and seems determined to create yet another high given it is able to clear the resistances ahead. The resistances being 19767, 19837, 19912 and 19991. If these levels are crossed the New Nifty high can be near 20100 or 20242. Supports that Nifty has as of now are 19701, 19577 and 19411. Below 19411 the only major support now remains at 19315. Below 19315 bears will wake up from coma.
Note
Still the same supports and resistances in action not much change in the chart as the day ended flat but marginally negative. Breaking 50 hours EMA will can bring some further down side. As of now Nifty is holding 50 hours EMA very well. Let us see if it can hold the same even tomorrow.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.