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Trendline resistance 21800 works again to pull Nifty down

Nifty 50 Index (NSE:NIFTY)  
Happy_Candles_Investment  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Support and Resistance Candlestick Analysis NIFTY niftyhourly nifty50 spotnifty niftyresistances niftysupportandresistance niftysupports niftyoutlook niftyview
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trendanalysis supportandresistance candlestick nifty niftyhourly nifty50 spotnifty niftyresistances niftysupportandresistance niftysupports niftyoutlook niftyview
Trendline resistance 21800 works again to pull Nifty down. This only shows that the strength of rally decreasing with extreme increase in volatility. There was a news of situation escalating in Middle East and US striving to take some action against the mess created by some disruptive forces in the Red sea. With this news there was selling and profit booking seen specially from the FIIs and Retail investors however DII remain net buyers and gave support to the market near 21500. How much support they can provide going deeper into the week is the question.

Nifty Supports will be at: 21500, 21448 (Major Support 200 hours EMA), 21258 and finally 21152. Below 21152 bears will start licking their fingers.

Nifty Resistances are ate: 21562 (Major resistance 50 hours EMA), 21660, 21723 (Major trendline resistance) and 21800-21820 range.
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