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Nifty facing a trendline resistance near 21800.

Nifty 50 Index (NSE:NIFTY)  
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NSE:NIFTY   Nifty 50 Index
Trend Analysis Support and Resistance Candlestick Analysis NIFTY niftynextweek spotnifty niftytrend niftyview niftysupportandresistance niftyresistances niftysupports nifty50
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trendanalysis supportandresistance candlestick nifty niftynextweek spotnifty niftytrend niftyview niftysupportandresistance niftyresistances niftysupports nifty50
Nifty is facing a trendline resistance near 21800. 22000 seems to be the top for the current hourly parallel channel with a strong resistance near 21800 and 21891. There are various levels of support for the Nifty from the current level are 21676, 21597, 21526 (Strong Support 50 hours EMA), 21397 and 21239 (Channel bottom). Either 20995 or 20883 can be the turning point or reversal points closing below which current bull rally can end.
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21800 to 21840 is zone which is proving to be strong resistance.
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