Happy Dhanteras

Nifty is facing resistance at 11680 to 11720 levels  and taking support in the range of 11500 to 11550 levels from the last four days. Tomorrow’s view nifty may take support at 11520 to 11485 levels . and face resistance at 11660 to 11675 levels . Break out and break down from these levels give sharp move on either side . And if Nifty closes above 11744 levels may lead the Indices to a new high .

Today Nifty making a black candle engulfing yesterday Doji . which indicates in the first half nifty may take support at the lower levels and move up in the second half of the market.

Now from option data support and resistance levels are 11500 to 11700.

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