Nifty making a big BLACK CANDLE confirming further down levels for NIFTY in the coming days .In intraday charts NIFTY Breaking down Exhaustion Pattern of ENDING DIAGONAL at the top which confirms the lower level of 11850 approx . Sell NIFTY on BOUNCE AT 12100 Down levels for NIFTY is 11870.
Today’s NIFTY move is giving indication of high volatility in the INDICES in the coming days.
Support & Resistance for NIFTY on 07/01/2020
SUPPORT —- 11934 —– 11861
RESISTANCE——-12049 —— 12118