Nifty Closed well on a testing day, another test awaits tomorrow

Nifty Closed well on a testing day, another test awaits tomorrow as the world awaits result of Voting in US Parliament to resolve Debt ceiling crisis. Global indices are down and awaiting the result eagerly. Support that spot Nifty has is today' low of 18483 from where the Nifty managed to recover today. The support may be tested tomorrow again. Just below it we have 50 Hours EMA at 18467 which might also be tested. Below these levels important supports remain at 18416 and 18379. Below 18379 Bear cartel can get activated. When Nifty has found a strong support and if result of Debt Ceiling crisis by raising the ceiling the resistances will be near 18576, 18600, 18637 and 18662. We still live in a world where if US sneezes the World catches cold. (Indian GDP numbers were great and can provide support to Nifty 50 and many other stocks.)

Trade aktif:

18483 and 18467 were depicted as 2 major supports yesterday. Nifty temporarily touch 18464 and ended at 18487 above both critical supports. This is a strong indication that supports are tested and we might have a strong opening tomorrow if there is no other bad news from asian or Overseas market. There is as of now no change in any support resistance. The chart stays true.