Nifty Trend Today Technical Analysis for 12-11-2019 21:00:05

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In 1 hour chart Nifty price continues to trade at 11946 and above the (Exponential Moving Average)EMA200 value of 11664.6 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 11664.6 is proving a tough nut to crack.

Pivot (invalidation): 11981

Our preference: Long positions above 12028

Alternative scenario: Below 11893.1 look for further downside.

Support Resistance Levels For Nifty Today at 12-11-2019 21:00:05

Pivot: 11981

Resistance 1: 12028

Resistance 2: 12115.9

Resistance 3: 12162.9

Support 1: 11893.1

Support 2: 11846.1

Support 3: 11758.2

Yesterday High Low Close For Nifty

Yesterday High: 12069

Yesterday Low: 11934.1

Yesterday Close: 11940

Today at 12-11-2019 21:00:05 Nifty trading at 11946 with high of 11968 and low of 11867

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