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.