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As Depicted Yesterday Nifty is facing a resistance zone.

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Índice Nifty 50 (NSE:NIFTY)  
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NSE:NIFTY   Índice Nifty 50
Trend Analysis Support and Resistance Candlestick Analysis spotnifty NIFTY nifty50 niftytrend niftyoutlook niftysupportandresistance niftysupports niftyresistances niftylevels
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trendanalysis supportandresistance candlestick spotnifty nifty nifty50 niftytrend niftyoutlook niftysupportandresistance niftysupports niftyresistances niftylevels
As mentioned yesterday Nifty is getting trapped in a mild resistance zone after making a new ATH near 22529. This resistance zone is between 22477 and 22529. It looks like Nifty needs a little bit more consolidation to cross this zone. If this zone is crossed the next resistances for Nifty will be near 22597, 22690 and 22787. Supports for Nifty remain at 22388 and 22350. The zone between 22300 and 22252 will be a strong support zone in case of a fall with Mother line support of 50 EMA at 22268 (Strong Support). Very interestingly poised is nifty with shadow of a candle little bit on the negative side.
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Again the same resistance stopping Nifty from Progressing.
Happy_Candles_Investment
Nifty in a mild resistance zone after making a new ATH.
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