Technical Analysis For Nifty Today 18-07-2019 13:00:03

by wealthmann

July 18, 2019

115

In 1 hour chart Nifty price continues to trade at 11632.5 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 Sell 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): 11671.9

Our preference: Long positions above 11699.7

Alternative scenario: Below 11650.5 look for further downside.

Support Resistance Levels For Nifty Today at 18-07-2019 13:00:03

Pivot: 11671.9

Resistance 1: 11699.7

Resistance 2: 11721.1

Resistance 3: 11749

Support 1: 11650.5

Support 2: 11622.6

Support 3: 11601.2

Yesterday High Low Close For Nifty

Yesterday High: 11693.3

Yesterday Low: 11644

Yesterday Close: 11678.3

Today at 18-07-2019 13:00:03 Nifty trading at 11632.5 with high of 11665 and low of 11625