WHY NIFTY WENT UPWARDS TODAY, HERE'S WHY - 26/04/23
- Nifty took support from the support line tested by previous day support & day before yesterday's strong resistance after the opening of the day and consequently went upwards a lot due to the support line being very strong due to presence of multiple support & resistances on the last 2 days
- After that it took resistance from a previous day resistance line and consolidated a lot in the second half
- But the resistance line being weak due to the presence of only one earlier resistance it was breached during the end of the day and nifty went upwards again