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Nifty Confirms 50 EMA (Mother Line) Support and rises ahead.

Long
Nifty 50 Index (NSE:NIFTY)  
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NSE:NIFTY   Nifty 50 Index
Trend Analysis Support and Resistance Candlestick Analysis spotnifty nifty50 niftytrend niftysupportandresistance niftysupports niftyresistances niftylevels niftyview niftyoutlook
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trendanalysis supportandresistance candlestick spotnifty nifty50 niftytrend niftysupportandresistance niftysupports niftyresistances niftylevels niftyview niftyoutlook
Nifty today confirmed the 50 EMA Mother line support and raced ahead only to be stopped by resistance zone near 21950-21964. Crossing and closing above 21964 will unleash further upside and can take Nifty towards 22063 or 22127. Peak of the rally based on the current trend lines can be near 22357. Supports for Nifty are now at 21819, 21779 and finally 21561. Closing below 21561 will give a chance to the bears to wake up from slumber.
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Again the same resistance zone pushes Nifty back.
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