Nifty 50 Chart for 19th October 2020

Nifty stayed in a range on Friday and seems to give a good move till 11800 on Monday.
11834 and 11850 seem to be resistance for a long up move.
RSI is at 47 and MACD is buy-in negative histogram.
Lower side it can go to 11700 and 11650 which are good support zones.
FII’s seems to be holding a good quantity. Seems to be bullish, but if they exit longs then the market could go to support levels.

Nifty 50 for 19th Oct