rakeshreddym

Nifty Support&Resistance Levels for 19th April Friday

rakeshreddym Updated   
NSE:NIFTY   Nifty 50 Index
Trend is bearish trading below daily
50 EMA and infosys ADR trading 5 percent down after company posted Q4 earnings that can effect on nifty pushing to more downside. Still we follow support and resistance levels to trade on friday.


Support are 21950 if sustains below short targets of 21900,21850,21800,21750
Resistance are 22080 if sustains above long targets of 22120,22150,22200.

Metioned suppor,resistance and targets areas can act as reversal area please watch price action on those.

Comment:
21750-21800 area acting as support now
Comment:
took support on mentioned area but did not expected this much move upside
Comment:
For Monday 22 nd April support and resistance levels

22200 below sustains short targets of 22120,22100,22080
22270 above sustains long targets of 22330,22350,22400

Comment:
Mentioned suupport and Resistance area can act as reveresal ponts 22200 area look for rejection or breakdown and 22270 area look for rejection or breakout
Comment:
22200 area took support and rejected went to test immeadiate resistance area look for break out or rejection here
Comment:
April 24th Nifty supprt and resistance levels

Trade active:
Trade closed: target reached:
Comment:
April 25th support and resistance levels

Comment:
rejected from resistance area
Trade active:
Trade closed: target reached:
Trade active:
Second trade of the day
Comment:
Trade closed: target reached:

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