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Strong Closing of Nifty today but 50 EMA resistance ahead.

Long
Nifty 50 Index (NSE:NIFTY)  
Happy_Candles_Investment  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Support and Resistance Candlestick Analysis NIFTY nifty50 niftytrend niftyanalysis niftyindia niftyoutlook
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trendanalysis supportandresistance candlestick nifty nifty50 niftytrend niftyanalysis niftyindia niftyoutlook
Today Nifty had a solid closing where it rose 246.85 points and 1.46%. What lies ahead is an important resistance which can become an hindrance. That hindrance is 50 days EMA is at 17264. If that is able to cross this important resistance then further levels will be:

Resistance levels: 17384, 17607, 17858

If we are not able to cross 50 days EMA the support levels will be at : 17044, 16995, 16856.

Below 16850 closing Bears will take over the market once again.
Happy Candles Investment
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