50 EMA Holding fort and can prove to be strong support.

Nifty closed above our support zone of 50 EMA (Daily) and did not go below the danger zone as suggested in earlier message and Tweet.. Nifty closed at 17648. It should continue the positive momentum gained in last hour or so of trade resistance levels of 17782, 17814.9 and if all goes well 17917 and 18024 by mid of next week. In case Nifty closes below 17622 50 EMA there will be further blood bath / correction / consolidation. DII and Retail investors are holding the last important fort.