Weak Closing by Nifty but Mid-channel support approching

Índice Nifty 50 (NSE:NIFTY)

NSE:NIFTY Índice Nifty 50

trendanalysis supportandresistance candlestick spotnifty niftyanalysis nifty50 niftyindia niftytrend niftysupportandresistance niftysupports niftyresistances

Nifty gave a weak closing today below 50 EMA (Mother Line). Which indicates that there can be more downside. However there will be support provided by the Mid-Channel support which is near 22263. If this support is broken further supports might be near 22129 (Trend line Support) or Father Line 200 Hours EMA near 22057. Resistances on the upper side for Nifty will be 50 Hours EMA 22337, 22410 and 22462. Shadow of the candles today looks negative today.

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