Nifty Outlook:
Nifty is taking support at the 50 days EMA and trying to stage recovery from there but 19440 to 19520 is a resistance zone which it is finding difficult to clear. If and when that resistance zone is cleared the next resistance zone is near 19631 and 19786. In case the Nifty breaks 50 EMA and parallel channel bottom support the bears will feel empowered and they can further drag the index down. Supports for Nifty on the lower sides are near 19274, 18900 and finally 18392.
Happy Candles Investment
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