Next 3 resistances very critical for nifty. Next 3 resistances very critical for Nifty to reach 20K levels. These resistances are at 19585, 19646 and finally 19680. Crossing these zones will trigger further euphoria in Nifty and we may see it go towards 19764 and it may even the previous highs. however lot of indices like small and Mid cap are nearing or already reached the overbought zones so investors should remain cautious and use trailing stop losses which can be best friends who protect capital and profits. Supports on the lower side are 19525, 19492, 19455 to 19421 zone can also be good support. Below 19421 the Nifty will again become weak and bears will try to regain the controls.
