Technical Analysis For Nifty Today 16-07-2019 10:00:03

by wealthmann

July 16, 2019

0

In 1 hour chart Nifty price continues to trade at 11635 and below the (Exponential Moving Average)EMA200 value of and keeps its stability below until now, while 1 hour MACD Of 12,26,9 is in Buy mode. Therefore, we will keep our Sell overview conditioned by the price stability below

However, if Nifty continues to trade below level, that could be an extraordinarily Bearish sign for Nifty

Even so, the 200-candle Exponential moving average (EMA) price range of is proving a tough nut to crack.

Pivot (invalidation): 11566.6

Our preference: Long positions above 11618.1

Alternative scenario: Below 11533.5 look for further downside.

Support Resistance Levels For Nifty Today at 16-07-2019 10:00:03

Pivot: 11566.6

Resistance 1: 11618.1

Resistance 2: 11651.2

Resistance 3: 11702.7

Support 1: 11533.5

Support 2: 11482

Support 3: 11448.9

Yesterday High Low Close For Nifty

Yesterday High: 11599.7

Yesterday Low: 11515

Yesterday Close: 11585

Today at 16-07-2019 10:00:03 Nifty trading at 11635 with high of 11638 and low of 11571