Nifty Trend Today Technical Analysis for 08-11-2019 21:00:04


In 1 hour chart Nifty price continues to trade at 11940 and above the (Exponential Moving Average)EMA200 value of 11647 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 11647 is proving a tough nut to crack.

Pivot (invalidation): 12028.3

Our preference: Long positions above 12084.2

Alternative scenario: Below 11999.6 look for further downside.

Support Resistance Levels For Nifty Today at 08-11-2019 21:00:04

Pivot: 12028.3

Resistance 1: 12084.2

Resistance 2: 12112.8

Resistance 3: 12168.7

Support 1: 11999.6

Support 2: 11943.7

Support 3: 11915.1

Yesterday High Low Close For Nifty

Yesterday High: 12057

Yesterday Low: 11972.4

Yesterday Close: 12055.5

Today at 08-11-2019 21:00:04 Nifty trading at 11940 with high of 12069 and low of 11934.1

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