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Niftysupportandresistance

19637 level is good support and Nifty may aim to go higher.19367 level is good support and Nifty may aim to go higher from here. Just below 19367 is 50 days EMA at 19281. Finding a support above 50 days EMA is a good sign and Nifty can aim for next resistance level of 19514 or even 19631 from here. Closing above 19631 will give a boost to Nifty for the targets of 19786 and finally it can again take an aim at allusive target of 20K. Supports on the lower side as mentioned will be 19367 and 19281. Below 19281 Nifty becomes weak again. But right now the jubilant mood of success of Chandrayaan 3 mission should only reflect in the market if not for the full weak atleast for tomorrow.
NSE:NIFTYLong
by Happy_Candles_Investment
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.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Just above Major Support Zone. Nifty is just above a major support zone if this support which is a very strong one is broken then we can see further weakness in Nifty. This week is crucial for Nifty. The supports for Nifty are near 19264 (Major Support). 19000, 18900 and Finally the zone between 18400 to 18372 (which seems to be a worst case scenario but is only if 19264 and 19000 are broken. (It will not be easy for bears to achieve this. On the upper side if Nifty jumps from the current support the resistances can be near 19513, 19631, 19786 and finally 19991.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY FAST APPROACHING RESISTANCE ZONEAs Nifty continues to exhilarate powered by fresh FII buying the bull rally after making a bottom near 15182 is thriving and going full throttle. There is no sign of weakness as of now but Nifty might be approaching a place which even the bulls will find difficult to clear very easily. It is not impossible but very difficult. Anything can happen if FII money comes back in full flow. Support, light and heavy resistances for NIFTY are as under: Light Resistance Zone : 17375 to 17649. Heavy Resistance Zone : 17649 to 17911. Support Zone : 16747 to 16447.
NSE:NIFTYLong
by Happy_Candles_Investment