Nifty Trend Today Technical Analysis for 02-12-2019 10:00:04

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In 1 hour chart Nifty price continues to trade at 12114 and above the (Exponential Moving Average)EMA200 value of 11879.4 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 11879.4 is proving a tough nut to crack.

Pivot (invalidation): 12102.9

Our preference: Long positions above 12154.9

Alternative scenario: Below 12041 look for further downside.

Support Resistance Levels For Nifty Today at 02-12-2019 10:00:04

Pivot: 12102.9

Resistance 1: 12154.9

Resistance 2: 12216.8

Resistance 3: 12268.8

Support 1: 12041

Support 2: 11989

Support 3: 11927.1

Yesterday High Low Close For Nifty

Yesterday High: 12164.9

Yesterday Low: 12051

Yesterday Close: 12092.9

Today at 02-12-2019 10:00:04 Nifty trading at 12114 with high of 12137.5 and low of 12086.7

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