Good turnaround by market as expected from the channel bottom.Nifty 50 IndexNSE:NIFTYHappy_Candles_InvestmentWe had given a message that the market was nearing the bottom and there can be a turnaround sooner than later and market turned around today. This bounce can be currently seen as a technical bounce but it can become a full fledged fightback by bulls if it crosses key resistance levels of Mother line, Father line and Mid-channel resistance. These are the 3 key resistances in front of us currently. All eyes on the important trade deal announcements and with US and China which are on going any news on that from can disrupt the market proceedings in either way. Support and resistance levels for Nifty are as under: Key Nifty Resistances: 24849 (Trend line resistance), 24922 (Motherline Resistance of hourly chart), 25028, 25070 (Father line resistance), 25189 (Mid-channel resistance), 25243 (Very important resistance for Bulls to conquer). Above 25243 Bulls can gain control of Nifty. Key Support levels: 25741, 25627 (Channel bottom Support), 24519. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.