As expected 200 hours EMA is proving to be a strong resistance for NIFTY. Unless Nifty can convincingly close above it further journey will be difficult. Tomorrow again Nifty might consolidate a bit later in the day Nifty might try to cross 200 hours EMA. let us see if that can sustain.
Resistances For Nifty: 17910, 17974 and a very tough resistance thereafter near 18068.
Supports for Nifty: 17810, 17765 (Strong support 50 hours EMA) and finally 17649.
Resistances For Nifty: 17910, 17974 and a very tough resistance thereafter near 18068.
Supports for Nifty: 17810, 17765 (Strong support 50 hours EMA) and finally 17649.
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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.