Nifty delicately placed at Mid-Channel line support.

Nifty delicately placed at Mid-Channel line support. Nifty closed below very important 50 days EMA support or the Mother line. 19196 to 19243 is the next support zone. Closing below 19196 will open the floodgates for bears and the next support level will be near 19024. Below 19024 the support zone will be between 18456 and 18861. So the negativity for Nifty looks empowering and impending. However in case there is a reversal from mid-channel line which looks little difficult but in case that happens resistances on the upper side are 19354 and 19405 which are the 50 and 200 Hours EMA respectively.