NIFTY-Heading for a range bound correction

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NIFTY-Heading for a range bound correctionNifty 50 IndexNSE:NIFTYCSB68NIFTY: Critical EMA s 5 Day EMA : 25650 10 Day EMA:25700 20 Day EMA :25600 50 Day EMA :25321 100 Day EMA :25050 Major Support :25500 Immediate Resistance :25650-25700 Major Resistance :25800 Expect sell on any rally till NIFTY gives a close above 25700-750 Closing below 25500 likely to hit 25300 and any close below 25300 likely to take it to 25000 levels. Buy on dips once NIFTY gives a close above 25800 and expect strength to come at this levels for a rally towards 26000-26050 .Close above 26050 expect a bullish rally for a positional target of 26700+(For educational purpose only)