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Happy_Candles_Investment

Good Fightback by bulls but need a confirmation candle tomorrow.

Long
Nifty 50 Index (NSE:NIFTY)  
Happy_Candles_Investment  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Support and Resistance Candlestick Analysis spotnifty nifty50 niftyindia niftylevels niftytrend niftysupportandresistance niftysupports niftyresistances niftyanalysis
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trendanalysis supportandresistance candlestick spotnifty nifty50 niftyindia niftylevels niftytrend niftysupportandresistance niftysupports niftyresistances niftyanalysis
We saw a good fightback by Bulls today as the Nifty bounced back from just close to 50 days EMA but to ensure that this was the temporary bottom we need a confirmation candle to close the week. The Resistance for Nifty will remain at 22204 and 22311 followed by 22500 range. Supports for Nifty will remain at 21851, 21779 and 21614. Below 21614 again the bears will take over. Shadow of the candle today is very dull but slightly positive however as it is a weekly closing candle due to Friday bears will also try to close the Nifty in their favour. Nifty is again interestingly poised.
Happy Candles Investment
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