Again a consolidation day for Nifty . As mentioned in yesterday’s BLOG book profit in the upper ranges of 11989 to 12020 and Nifty making high of 11978.95 and lower range for Nifty is 11882 to 11843 Nifty making low of 11861.9 behaving perfectly as predicted in the BLOG .
After forming indecisive candle for the last four days a small black candle at the top which again confirms Time wise correction and Range bound movement for Nifty .
Support and resistance levels for tomorrow :
SUPPORT – 11865 to 11784
RESISTANCE – 11978 to 12020
Again book profit at the upper range and buy in lower range .
Nifty calls are writing off at the higher range of 11900 to 12000 which is resistance to Nifty and puts are writing off in the lower range of 11800 to 11600 which is support for Nifty