50 EMA which is the Mother line gave a perfect and much required support to Nifty today. Proving again our Mother, Father and Small child story. Now tomorrow and and Friday the Nifty has to close above it to continue the upward trend. Resistances that Nifty will face on the upper side remain at 19747, 19851 and 19991. Supports for Nifty on the lower side are 19560 (50 EMA/Mother Line) and 19224. We are still not out of woods if we do not get 1 or 2 confirmation candles.
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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.