Nifty continues good show and ended the day above mid-channel resistance. Nifty right now looks pretty fairly placed to touch the previous high or end making a new high. Top of the currently looks near 21800. The resistances on the way towards top of the channel are at 21483, 21541 and 21592. Crossing and closing above 21592 will open the doors for 21800. Supports on the down side are near 21397, 21303 (Major Support 50 Hours EMA), 21113 and finally channel bottom near 20980. Trend will change to negative if we get a closing below 20696.
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.
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.