Mentioned in yesterday’s BLOG to book profit in the upper range of 11945 to 11996 and Nifty making high of 11989.15 again facing the resistance at the upper range and correcting to the level of 11905.35 again confirming that Nifty is in consolidation face .
Nifty having negative divergences in intraday charts which again suggest that Nifty may face resistance in the upper range of 11989 to 12020.The upper range of Nifty is slightly moving up on daily basis and support at 11882 to 11843 . In any case if support breaks than Nifty may drift down to the levels of 11714. Which is again a buying level and Nifty may move upward to its next level of 12114.
Weekly Option data suggest that resistance at 12000 and support at 11800 levels . And Monthly data suggests resistance at 12000 and support at 11600 levels.