Technical Analysis
NIFTY 50
16 December 2021
This report is technical analysis of Nifty 50 on the basis of Daily & Weekly Chart
Nifty Technical Analysis
Daily Chart
Technical Analysis on base of Daily Chart
Current level is 17311
First support is 17288 (18 Day Exponential Moving Average)
Second Support is 16888 (Bollinger Band)
First Resistance 17375 (8 Day Exponential Moving Average)
Second Resistance17743 (Bollinger Band & 50 Day Exponential Moving Average)
RSI – 46 – Neutral
MACD – Parallel so neutral
Weekly Chart
Technical Analysis on base of Weekly Chart
First Support is 16283 (Bollinger Band)
Second support is 15988 (50 day Exponential Moving Average)
First Resistance 17421 (Bollinger Band)
Second Resistance 17537 (8 day & 18 day Exponential Moving Average
RSI – 55 Neutral
MACD – Parallel so neutral
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Disclaimer : All information in this report is collected from various sites on internet. Although we have taken all precautions for correct representation of data however we do not take any responsibility for any errors and omissions. The technical analysis and views expressed is authors own views. We are not responsible for any losses on account of following the same.
Sources