BharatJhunjhunwala

Nifty may find support at 11980! Trend still up

NSE:NIFTY   Nifty 50 Index
Nifty corrected today and closed negative. The most probable and strong support area now seems to be at 11980. This level is breeding many support levels of different parabola. We are expecting prices to rest here and move up again to create a new highs, any failure to hold it will result into deep corrections.

Bharat Jhunjhunwala
MFTA,CMT,CFTe,MSTA
www.prorsi.com
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