Nifty Chart Today 19 July 2018 Technical Analysis for Daily Trend prediction NSE Index Update

Nifty Technical analysis using a nifty 50 chart today. Daily trend prediction of NSE index graph gives up or down for tomorrow. Nifty is trying to find support at the current level on the daily as well as on the hourly chart. Nifty option or future day traders can take advantage of the nifty range bound move. Register for members only updates https://goo.gl/forms/2JB7pwVG0IChL5vJ2 If you have not checked weekly analysis video there here is the link https://youtu.be/w_cLmXPEPpg Nifty Technical Analysis - Daily Chart On the daily chart, Nifty tested horizontal resistance line drawn from 1-year daily closing low's trendline RSI breakout and failed. Now if it finds support at the current level then it will again go and tests the same resistance line. if nifty fails at current levels then RSI 50 will be next support on the daily chart. Resistance is at 1183.7 and support is at 10842.85 Nifty Technical Analysis - Hourly Chart On the hourly chart, Nifty opened above the resistance lines we discussed in yesterdays analysis, came back and closed below the same resistance lines at the end of the market session. at the same time, Nifty found support on the same support lines that we discussed yesterday. Nifty may face resistance at 11023 level and support is at 10967.6 Conclusion - In nifty finds support at current level then it will go up 100 points and test resistance and if it fails at current levels then Nifty will go down 150 points before searching for the support. Nifty option or future day traders can take advantage of this range-bound move of Nifty. But must use the stop loss in any case. NOTE - This is not a financial advisor. I'm not a certified professional to give any advice. Data provided above is just for learning purpose so that you can make the better decision next time. Before taking a trade do your own analysis or ask the financial expert. Happy Trading! Jai Hind!