Get started
Happy_Candles_Investment

50 EMA giving proper support to Nifty again.

Nifty 50 Index (NSE:NIFTY)  
Happy_Candles_Investment  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Support and Resistance Candlestick Analysis spotnifty nifty50 niftytrend niftylevels niftysupportandresistance niftysupports niftyresistances niftyoutlook niftyview
1
0
trendanalysis supportandresistance candlestick spotnifty nifty50 niftytrend niftylevels niftysupportandresistance niftysupports niftyresistances niftyoutlook niftyview
Today again we saw benevolence of Mother line (50 hours EMA) coming to fore and supporting Nifty giving it support to close well in the green. If Nifty can close above a strong resistance of 22218 there are good chances of Nifty again reaching previous high of 22295 or even cross it and go towards new high of 22364. Supports for Nifty remain at 22110 and 22105 (Strong support Zone). If this support is broken the Nifty can fall to 21970, 21885 or even channel bottom and 200 Hours EMA (Father line near 21853).
Happy Candles Investment
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.