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Nifty Just above Major Support Zone.

Nifty 50 Index (NSE:NIFTY)  
Happy_Candles_Investment Updated   
NSE:NIFTY   Nifty 50 Index
Trend Analysis Support and Resistance Candlestick Analysis niftynextweek niftythisweek NIFTY nifty50 spotnifty niftyoutlook niftysupports niftyresistances niftysupportandresistance
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trendanalysis supportandresistance candlestick niftynextweek niftythisweek nifty nifty50 spotnifty niftyoutlook niftysupports niftyresistances niftysupportandresistance
Nifty is just above a major support zone if this support which is a very strong one is broken then we can see further weakness in Nifty. This week is crucial for Nifty. The supports for Nifty are near 19264 (Major Support). 19000, 18900 and Finally the zone between 18400 to 18372 (which seems to be a worst case scenario but is only if 19264 and 19000 are broken. (It will not be easy for bears to achieve this. On the upper side if Nifty jumps from the current support the resistances can be near 19513, 19631, 19786 and finally 19991.
Comment:
As depicted in the message Nifty took a proper support at 50 days EMA and moved up today. Next major resistance is in the range of 19480 to 19514 range. Today low of 19296 and 50 days EMA at 19269 will be major supports. If these two supports are broken Bears will start smiling.
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