Nifty has been quite bullish for past 2 days after a long fall. but it seems it has a resistance to upside now as shown in the chart. It might move to the 19250 and then have some consolidation. Reason:
200 EMA Resistance (Good Resistance)
Price Action Resistance (Red Zone upside)
Price > (13,50) EMA (shows bullishness)
EMA(13,50) Crossover (Bullish)
PCR = 0.78 (Neutral)
RSI > 50 (Bullish)
RSI Bearish Divergence
Verdict: Mild Bullish
Plan of action: Observe the 15 min Candle, follow the price action.
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