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Mid Channel Line providing a moderate support to Nifty

Long
Nifty 50 Index (NSE:NIFTY)  
Happy_Candles_Investment  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Support and Resistance Candlestick Analysis nifty50 niftytrend niftyindia niftyhourly spotnifty niftyanalysis niftyview niftyoutlook
2
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trendanalysis supportandresistance candlestick nifty50 niftytrend niftyindia niftyhourly spotnifty niftyanalysis niftyview niftyoutlook
Mid Channel Line providing a moderate support to Nifty in the second half of the day in last trading session. As you can see from the chart Mid-Channel line drawn on the hourly chart provided a solid support to the nifty as the Nifty jumped from 18531 to close near 18599. Supports nearby are now at 18531 and 18507. Resistance zone will be 18639 and 18667. Above 18667 the next resistance is near 18721
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Again Mid-Channel Line and 50 hours EMA rescue Nifty again.
Happy_Candles_Investment
Nifty Closed above imp resistance, holding above it important.
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