Technical Analysis For Nifty Today 12-07-2019 12:00:03

by wealthmann

July 12, 2019

108

In 1 hour chart Nifty price continues to trade at 11574 and below the (Exponential Moving Average)EMA200 value of and keeps its stability below until now, while 1 hour MACD Of 12,26,9 is in Buy mode. Therefore, we will keep our Sell overview conditioned by the price stability below

However, if Nifty continues to trade below level, that could be an extraordinarily Bearish sign for Nifty

Even so, the 200-candle Exponential moving average (EMA) price range of is proving a tough nut to crack.

Pivot (invalidation): 11571.1

Our preference: Long positions above 11613.8

Alternative scenario: Below 11537.1 look for further downside.

Support Resistance Levels For Nifty Today at 12-07-2019 12:00:03

Pivot: 11571.1

Resistance 1: 11613.8

Resistance 2: 11647.8

Resistance 3: 11690.5

Support 1: 11537.1

Support 2: 11494.4

Support 3: 11460.4

Yesterday High Low Close For Nifty

Yesterday High: 11605

Yesterday Low: 11528.3

Yesterday Close: 11579.9

Today at 12-07-2019 12:00:03 Nifty trading at 11574 with high of 11597.4 and low of 11545.1