In the last analysis, we discussed. The swing trading view for Nifty is the same; we should closely monitor price action in the 12163-12190 zone for further upside clues. On the lower end, support has now shifted at 12080
Yesterday, the Index opened on a positive note & continued its upside rally for the whole session. The low of yesterday was around 12163, inside our mentioned Gann resistance range.
We can see higher levels in the coming days; Nifty bulls are getting severe day by day after breaking the crucial Price and time resistance ranges.
On the upper hand, we can see the rally towards the 11345-11370 range, which is the intermediate resistance range for the index.
On the lower side, 12080 is the support for now; below that, we can only see Nifty Bears coming back into the game.
Intraday Nifty Trading Levels 19th Dec
Today’s Intraday resistance is at 12260; above that, the move towards 12290/12340/11430 can be seen.
While Support for today is likely to come at 12180, below that, a move towards 12150/12100/12010 can be seen.
Note: The above-mentioned Price projection & other Information are for educational purposes only.
