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Nifty Delicately placed near the support zone.

Long
Nifty 50 Index (NSE:NIFTY)  
Happy_Candles_Investment  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Support and Resistance Candlestick Analysis niftynextweek NIFTY nifty50 spotnifty niftyindia niftysupportandresistance niftysupports niftyresistances niftylevels
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trendanalysis supportandresistance candlestick niftynextweek nifty nifty50 spotnifty niftyindia niftysupportandresistance niftysupports niftyresistances niftylevels
Nifty is delicately placed above the 50 EMA and 200 EMA support zones (Mother and Father support) which are at 22404 and 22316 respectively. This zone can act as a buffer and should provide proper technical support to Nifty. In case 22316 is broken Nifty can further fall to the levels of 22201 or even 21972. Worst case scenario as of now looks like 21784. If supports of 22404 and 22316 are respected we may see the Nifty rising upwards with resistances at 22458, 22545, 22625, 22692 and 22775. Shadow of the candle looks neutral with slightly positive bias.
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