IIT-Trader

NIFTY--19500 Is Resistance??

NSE:NIFTY   Nifty50指数
price broken the trendline and retested...then gap down or gap up.
we have a strong demand zone at 19360level...price may again rise from this level..
previously 19500 is a strong resistance,
if price again acts as resistance in this zone will observe a fall up to 19300 and 19200 levels.
otherwise price breaks the resistance and have chances of testing the 19600 and 19700 levels.
keep safe before short....wait until it touches the resistance resistance level @19500.

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