Nifty Trend Today Technical Analysis for 03-12-2019 11:00:04

by wealthmann

December 3, 2019

6

In 1 hour chart Nifty price continues to trade at 12047.8 and above the (Exponential Moving Average)EMA200 value of 11894.8 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 11894.8 is proving a tough nut to crack.

Pivot (invalidation): 12093.5

Our preference: Long positions above 12134.9

Alternative scenario: Below 12049.6 look for further downside.

Support Resistance Levels For Nifty Today at 03-12-2019 11:00:04

Pivot: 12093.5

Resistance 1: 12134.9

Resistance 2: 12178.8

Resistance 3: 12220.2

Support 1: 12049.6

Support 2: 12008.2

Support 3: 11964.3

Yesterday High Low Close For Nifty

Yesterday High: 12137.5

Yesterday Low: 12052.2

Yesterday Close: 12091

Today at 03-12-2019 11:00:04 Nifty trading at 12047.8 with high of 12090 and low of 12044