Nifty is currently facing mid-channel resistance drawn on hourly candles chart. Taking support at the channel bottom Nifty rose today but was stopped by the mid channel line.
Supports for Nifty remain at: 18267, 18240, 18206 and finally 18119. Below 18119 the major support will be 200 hours EMA at 18018.
Resistances for Nifty will be at: 18341, 18389 and finally 18450 which will be a major resistance. Above 18450 the channel towards 18600 opens up.
Supports for Nifty remain at: 18267, 18240, 18206 and finally 18119. Below 18119 the major support will be 200 hours EMA at 18018.
Resistances for Nifty will be at: 18341, 18389 and finally 18450 which will be a major resistance. Above 18450 the channel towards 18600 opens up.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.