Nifty has taken support at 50EMA and can go towards new ATH
It looks Like RSI on Nifty Hourly chart has cooled down and is set for another rally. Once the Nifty and if the Nifty is able to cross 20946 and close above it on hourly candle, we may see Nift rise towards 21026, 21125 or even 21254 within a short span of time. Supports for Nifty on the lower side are 20867, 20813 and 20763.
Happy Candles Investment
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.