NIFTY 50 for tomorrow - 19 October 2022

Nifty opened above the resistance zone [ 17300-17400], as we discussed in yesterday's post.

We saw a good move in the first hour forming a bull candle.

Then prices just consolidated within the range of the first-hour candle, the entire rest of the trading session.

Expectation for tomorrow
- Might open flat or gap up
- Move towards 17530 - 17560

- if opens gap up above 17530, the price would move fast towards 17630- 17650

Immediate support 17400- 17420
Today's closing 17490