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Remarkable Comeback Nifty but now faces Mid-channel resistance.

Nifty 50 Index (NSE:NIFTY)  
Happy_Candles_Investment  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Support and Resistance Candlestick Analysis spotnifty NIFTY nifty50 niftytrend niftylevels niftyindia niftyresistances niftysupportandresistance niftysupports
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trendanalysis supportandresistance candlestick spotnifty nifty nifty50 niftytrend niftylevels niftyindia niftyresistances niftysupportandresistance niftysupports
Nifty recovered handsomely 349.85 points from the low of the day in the last hour against all frantic FII selling. This shows the power of DII and retail investors. Now Nifty faces a tough mid channel resistance 22438 which will take some doing to cross it. If Nifty manages to cross 22438 the next resistances will be at 22496, 22587, 22658, 22730 and 22801. If Nifty is not able to cross the Mid channel resistance the supports will be at 22298, 22215 and 22054. Nifty will be very weak below 22054. Shadow of the candle is looking neutral to negative but if FII jump into action (which unlikely) then frantic upside is possible. Volatility and peak tussle between FII and DII might continue.
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