Mother line provides support to falling Nifty. Nifty 50 IndexNSE:NIFTYHappy_Candles_InvestmentMother line or 50 EMA has provided today incredible support to Nifty which rose 111 points from low of the day to close at 25839. Still the Nifty closed 120 points below previous close. Now of the Mother line support is held we can see comeback of Nifty and rally can restart from there on. For the rally to restart we need a closing above 25930. The next resistance if we get a closing above 25930 will be 26062. Further resistance can be at 26194, 26352 and finally the channel top is near 26596. Supports for Nifty will be at 25728 (Mother Line support), Mid-Channel support is near 25608, 25338 is the final support. If this support is broken the father line support is at 24917. 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.