Happy_Candles_Investment

Nifty Took Support At 50 Days EMA. (Positive Sign).

Long
NSE:NIFTY   Nifty 50 Index
Nifty Took Support At 50 Days EMA which is a Positive Sign. If the support is not broken in the remainder of the week, seeds of a fresh rally and end of weakness will be sown. For this to happen Nifty not breaking the 50 days EMA is very important. Resistances on the upper side will be at 19735, 19851 and 19991. Supports for Nifty at the lower level are at 19549, 19435 and 19224. Below 19224 the bears will overtake the market.
Comment:
No change in the levels mentioned yesterday but Nifty looking weaker now after multiple attempts to go in the positive territory and failing. Supports mentioned in Yesterday's message might be tested tomorrow.

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