There are multiple negative divergence in NIFTY  intraday Charts . Nifty will move in range before achieving it’s above Target of 12300 . Range for NIFTY is 12100 on the lower side and 12230 on the upper side .

Resistance and Support for NIFTY on Friday

Support     12136   –   12102

Resistance   12214  –  12231

Incase nifty breaks resistance of 12231 it will move to the next resistance level of 12270.

Option Data of 20th February shows that resistance at 12200 and support at 12100.

Financial  

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