Nifty forming EVENING STAR candle stick pattern at the top of trend which is a bearish pattern . Short term moving averages confirming bearish crossover. Sell Nifty at opening and sell on rise. Option data also indicating selling pressure at 12100 levels and support at 12000 levels if nifty trades below 12000 levels for some time than down targets are 11900 and 11800.

Support and Resistance for Monday 

SUPPORT-12000-11916-11802

RESISTANCE-12076-12103

Bank Nifty moving in a channel and support for Bank Nifty is 31650. Short term moving averages confirming bearish crossover. Option Data is also showing support at 31500 and resistance at 32000 levels.

Support and Resistance for Monday

SUPPORT- 31754-31608-31669

RESISTANCE-32005-32086 

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