Nifty Moving Swiftly taking the support of trend-line.

Long

Nifty 50 Index (NSE:NIFTY)

Updated

NSE:NIFTY Nifty 50 Index

trendanalysis supportandresistance candlestick nifty nifty50 niftytrend spotnifty niftyindia niftysupportandresistance niftysupports niftyresistances niftylevels

Nifty Moving Swiftly taking the support of trend-line making a HHHL pattern (Higher High, Higher Low). Nifty might face little bit of a technical resistance between today's high 21675 and 21690. Closing above 21690 will open the gates towards 21799 and finally 22K levels. The road towards 22K after Crossing 21799 might not be as smooth as things have been till now.

Supports for Nifty remain at 21599, 21476 and 21373 (Very important and strong support). closing below 21373 can take Nifty upto 21112 or even below 20K levels.

Resistances on the way up for Nifty will be at the zone between 21675 and 21690. Major channel top resistance is near 21799.

Comment:

Look at the Precision. We had predicted Channel top resistance at 21799. The Nifty closed the day at 21778.70. (This is the power of Technical analysis.) How many of you want to learn charts? Send me message. I am planning the next batch for teaching Techno-Funda analysis in January End. Those who are interested send me a message.

Regarding Nifty levels the rally is again in the Euphoria phase, Bull Run is mad Next stop will be 21890 and finally 22K.

Happy Candles Investment

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