Nifty near father line support on hourly chart.Nifty 50 IndexNSE:NIFTYHappy_Candles_InvestmentAfter the drubbing today at browsers where Nifty ended 225.9 points below previous close has closed at 25960. Below the comfort level of 26K. The sell of was global today due to US FED meet later tonight. Supports for Nifty are at 25915 (Major Father line support). If this support is broken Nifty will become weak and can further plummet towards 25854, 25775 or even 25712. The channel bottom support for Nifty will be near 25538. Resistances for Nifty are at 25984, 26066 (Mother line resistance), 26203, 26263, 26318 and finally channel top resistance is near 26416. Shadow of the candle is looking neutral despite the fall today. If the father line support at 25915 is not broken we can see a swift recovery in Nifty. 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.