Nifty opening just higher than our levels not sustaining profit booking and selling at the top as we suggested in our yesterday’s BLOG . Making 12137 high and and low of 12023 near to our first support level. As we suggested sell on rise market opening higher and closing near the low of the day .
Again forming Black Candle at the top indicating same sell on rise market. As Nifty having negative divergence in daily charts.
Sell Nifty on rise or if sustains below 12000 levels for some time the first down targets are 12800.
Support and Resistance for Tuesday