Nifty Facing 200 Hours EMA as a strong resistance.
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.
Happy Candles Investment
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