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Happy_Candles_Investment

Nifty looking Bullish but approaching a major resistance zone.

Long
Nifty 50 Index (NSE:NIFTY)  
Happy_Candles_Investment  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Support and Resistance Candlestick Analysis spotnifty nifty50 niftyindia niftysupportandresistance niftyresistances niftysupports niftyoutlook niftytrend
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trendanalysis supportandresistance candlestick spotnifty nifty50 niftyindia niftysupportandresistance niftyresistances niftysupports niftyoutlook niftytrend
Nifty is looking Bullish but approaching a major resistance zone. The zone between 19637 and 19680 is a strong resistance for Nifty. Once we get a closing above 19680 the channel towards 19764, 19811, 19866 and previous high of Nifty 19991 and new high will open up. Until then the supports for Nifty will be 19585 (Not a strong support) and 19492. The zone between 19469 and 19430 is now a strong support zone. Overall sentiment of Nifty is looking bullish but lot of sectors and indices are starting to look a little bit overbought on RSI so please keep your stop losses handy.
Happy Candles Investment
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