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Strong resistance around 22447 blocked Nifty rally

Long
Nifty 50 Index (NSE:NIFTY)  
Happy_Candles_Investment  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Support and Resistance Candlestick Analysis NIFTY nifty50 spotnifty niftylevels marketoutlook niftysupportandresistance niftysupports niftyresistances
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trendanalysis supportandresistance candlestick nifty nifty50 spotnifty niftylevels marketoutlook niftysupportandresistance niftysupports niftyresistances
A strong resistance around 22447 blocked the bull rally of Nifty today. If this resistance is not crossed the Nifty will try to re-test the supports. There is a strong support in the range of 22279 and 22312 region which includes 50 EMA, 200 EMA (Mother Father lines) and a trend line support. If these supports are broken we can see weakness which can lead Nifty further down to 22201 or even 21972 levels. If the Nifty successfully crosses and closes above 22447, further resistances will be found at 22510, 22612, 22692 and 22780. A frantic Bull-Bear tussle is going on and it will be interesting to see which side is able to call the shots during reminder of the week.
Happy Candles Investment
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