Resistance of ATH Zone works again today and stops Nifty.

Long

Indice NIFTY 50 (NSE:NIFTY)

NSE:NIFTY Indice NIFTY 50

trendanalysis supportandresistance candlestick nifty niftytrend nifty50 niftyindia niftyhourly parallelchanel niftysupports niftyresistances

Resistance of ATH Zone works again today and stops Nifty. As expected the resistance zone between 19437 and 19523 again got activated. Nifty made a high of 19515.1 and returned closing the day at 19439.4. End was just above 19437 which should act as a support no.1 for tomorrow. Further supports will be at 19419, 19399, 19337, 19296 and 19232. Again 19500 to 19523 will act as resistance zone. Crossing and closing above 19525 will open the doors for 19600 or even 19700. All eyes on the Speech of FOMC member Bullard tonight.

Happy Candles Investment

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