Nifty took a decisive support today and bounced back closing above 50 days EMA which shows strength in the market, however the support taken by Nifty yesterday 19512 might be tested again today. If that support hold then we may see a positive up move on today or in the coming week. Nifty will remain under pressure throughout the day. situation remains grim due to Middle East crisis. Auto sector looks positive and Chemical sector seems to be forming a bottom.
Nifty Supports: 19511 and 19357.
Nifty Resistance:19690 and 19898.
Nifty Supports: 19511 and 19357.
Nifty Resistance:19690 and 19898.
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