Nifty Trend Today Technical Analysis for 05-11-2019 16:00:05

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In 1 hour chart Nifty price continues to trade at 11958 and above the (Exponential Moving Average)EMA200 value of 11564.9 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 11564.9 is proving a tough nut to crack.

Pivot (invalidation): 11979.2

Our preference: Long positions above 12022.2

Alternative scenario: Below 11945.8 look for further downside.

Support Resistance Levels For Nifty Today at 05-11-2019 16:00:05

Pivot: 11979.2

Resistance 1: 12022.2

Resistance 2: 12055.6

Resistance 3: 12098.6

Support 1: 11945.8

Support 2: 11902.8

Support 3: 11869.4

Yesterday High Low Close For Nifty

Yesterday High: 12012.5

Yesterday Low: 11936.2

Yesterday Close: 11988.8

Today at 05-11-2019 16:00:05 Nifty trading at 11958 with high of 11995.7 and low of 11901

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