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Nifty Faced Channel top resistance on an Hourly chart

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Índice Nifty 50 (NSE:NIFTY)  
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NSE:NIFTY   Índice Nifty 50
Trend Analysis Support and Resistance Candlestick Analysis NIFTY nifty50 niftyindia spotnifty niftytrend niftysupports niftyresistances niftysupportandresistance niftyoutlook
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trendanalysis supportandresistance candlestick nifty nifty50 niftyindia spotnifty niftytrend niftysupports niftyresistances niftysupportandresistance niftyoutlook
Nifty retreated sfitly from top of yesterday that was 19875 to close the day at 19765 because it faced the channel top resistance as seen in the chart. This zone between 19816 to 19877 will be tough to conquer however Nifty will make an attempt again to close the week on a high. supports on the lower side for Nifty remain at 19714, 19627 and 19571 (Mid channel Support). Below 19571 the stock can fall to 19527 or 19453 which is a 50 and 200 EMA on hourly chart respectively. Crossing and closing above 19877 will open the gates towards 20K again.
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The Resistance zone of 19826 to 19877 stops the Nifty rally
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