Nifty Trend Today Technical Analysis for 06-11-2019 15:00:04

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In 1 hour chart Nifty price continues to trade at 12035.8 and above the (Exponential Moving Average)EMA200 value of 11592.5 and keeps its stability above until now, while 1 hour MACD Of 12,26,9 is in Buy 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 11592.5 is proving a tough nut to crack.

Pivot (invalidation): 11951.6

Our preference: Long positions above 12002.1

Alternative scenario: Below 11907.5 look for further downside.

Support Resistance Levels For Nifty Today at 06-11-2019 15:00:04

Pivot: 11951.6

Resistance 1: 12002.1

Resistance 2: 12046.2

Resistance 3: 12096.8

Support 1: 11907.5

Support 2: 11856.9

Support 3: 11812.8

Yesterday High Low Close For Nifty

Yesterday High: 11995.7

Yesterday Low: 11901

Yesterday Close: 11958

Today at 06-11-2019 15:00:04 Nifty trading at 12035.8 with high of 12049.7 and low of 11885.1

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