manuagarwal21

NIFTY 50 for tomorrow - 19 October 2022

NSE:NIFTY   Nifty 50 Index
Nifty opened above the resistance zone , as we discussed in yesterday's post.

We saw a good move in the first hour forming a bull candle.

Then prices just consolidated within the range of the first-hour candle, the entire rest of the trading session.

Expectation for tomorrow
- Might open flat or gap up
- Move towards 17530 - 17560

- if opens gap up above 17530, the price would move fast towards 17630- 17650

Immediate support 17400- 17420
Today's closing 17490





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.