Green Candle required after Hammer like structure formed today

A Green follow-up Candle required after Hammer like structure formed today to confirm a bottom and restart of up move. Major resistances on the up side now (If we get good couple of candles in next 2 days), will be at 19479, 19555 (Major resistance), 19657 and 19777. Supports for Nifty are at 19326 and 19218.

تعليق:

We got a green candle today but as depicted yesterday 19555 proved to be a major resistance as the nifty ended just below the same at 19545. It will be critical to hold this level or open gap up above this level . In such a case 19657 and 1977 will be the next resistances. Supports remain at 19479 and 19326.