As the NIFTY has closed just below 50 days EMA. Once the 50 days EMA is crossed. We can expect rally to continue. Ideal situation will be NIFTY opens gap up above the resistance.
Important resistance levels will be: 17254, 17423, 17666.
Important Support levels: 17074, 16960 and 16862.
Important resistance levels will be: 17254, 17423, 17666.
Important Support levels: 17074, 16960 and 16862.
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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.