Nifty Trend Today Technical Analysis for 04-11-2019 23:00:05


In 1 hour chart Nifty price continues to trade at 11988.8 and above the (Exponential Moving Average)EMA200 value of 11536.7 and keeps its stability above until now, while 1 hour MACD Of 12,26,9 is in Sell mode. Therefore, we will keep our Buy overview conditioned by the price stability above

However, if Nifty continues to trade above level, that could be an extraordinarily Bullish sign for Nifty

Even so, the 200-candle Exponential moving average (EMA) price range of 11536.7 is proving a tough nut to crack.

Pivot (invalidation): 11920.1

Our preference: Long positions above 11959.1

Alternative scenario: Below 11897.1 look for further downside.

Support Resistance Levels For Nifty Today at 04-11-2019 23:00:05

Pivot: 11920.1

Resistance 1: 11959.1

Resistance 2: 11982.1

Resistance 3: 12021.1

Support 1: 11897.1

Support 2: 11858.1

Support 3: 11835.1

Yesterday High Low Close For Nifty

Yesterday High: 11943.1

Yesterday Low: 11881.1

Yesterday Close: 11936.2

Today at 04-11-2019 23:00:05 Nifty trading at 11988.8 with high of 12012.5 and low of 11936.2

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