Nifty New Support Level

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Greetings...

Today I'm sharing you Nifty 50 Index Weekly Chart, we have seen a good correction in the past weeks. On the 5th week of correction Nifty has a formed a inverted hammer and this past week Nifty has Shown some uptrend/reversal from 19225 - 19250 levels.

I think Nifty has formed a new support level at 19225 - 19250 levels. Here im just following 11days EMA which is currently acting as a good support.

Important Things
1. This is only for educational purposes only.
2. Never over trade.
3. Always keep Stop Loss.
4. Trade in limited quantity.
5. Taking a small loss is better than wiping up your whole capital.

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Disclaimer – These ideas shared by me to all are my personal analysis / views. Im not a SEBI registered technical analysis.