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FO Manual | Indices trade higher; Nifty likely to rebound on hold above 21,900

Going forward, the resistance is seen at 21850-21900, while support is placed at 21600-21650 zone, which is a confluence of 10-20 EMA. In case 21600 is breached, Index could witness a further slide towards 21450-21470 zone on the downside. Above 21900, the Index could witness an extension of its rally rebound towards 22070-22150 levels.

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​ Going forward, the resistance is seen at 21850-21900, while support is placed at 21600-21650 zone, which is a confluence of 10-20 EMA. In case 21600 is breached, Index could witness a further slide towards 21450-21470 zone on the downside. Above 21900, the Index could witness an extension of its rally rebound towards 22070-22150 levels. Going forward, the resistance is seen at 21850-21900, while support is placed at 21600-21650 zone, which is a confluence of 10-20 EMA. In case 21600 is breached, Index could witness a further slide towards 21450-21470 zone on the downside. Above 21900, the Index could witness an extension of its rally rebound towards 22070-22150 levels.  Moneycontrol Latest News Read More  

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