Nifty making a low of 11853.95 on Monday a perfect support level of 11855 which is in Monday’s BLOG . As we predicted Nifty only gain 0.50% from the support level .Now again the same Nifty is in range and consolidating for a sharp move . If Nifty moves above 11930 and sustains for some time accumulate for the above target of 12050 with the stop loss of 11850 . And if Nifty breaks below 11850 it moves further down Level are mentioned in Monday’s BLOG. All the level are of cash
Support and Resistance level for today
SUPPORT – 11888-11850
RESISTANCE- 12054- 12114
Bank Nifty as mention not showing weakness forming a GREEN CANDLE in daily charts showing strength making a high of 31205.20 . And open interest is also high on the buying side but moving in a channel in intraday charts may face some resistance at the higher levels .
Support and Resistance for today
SUPPORT – 30850-30646
RESISTANCE- 31315- 31726