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Nifty Weekly Outlook.

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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 spotnifty NIFTY nifty50 niftyindia niftytrends niftynextweek niftysupports niftyresistances niftysupportandresistance
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trendanalysis supportandresistance candlestick spotnifty nifty nifty50 niftyindia niftytrends niftynextweek niftysupports niftyresistances niftysupportandresistance
As expected Nifty took support from 200 days EMA (Father Line) and jumped 190 points. We are not out of woods yet as the resistance levels in front of us now are 19097, 19366 and 19524 (Major resistance). Supports for Nifty are near 18832 and 18557. Falling below 18557 Nifty can crash further to 18333 levels. It is important for Nifty now to give a confirmation reversal candle on Monday. If we get a Green confirmation candle on Monday we can finally say that Nifty has bottomed out of the Middle East crisis. So Monday and Tuesday closing will be important for further recovery.
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