Nifty - expect more downside - look out for 12040-11980

ipuneet Pro Updated   
NSE:NIFTY   Nifty 50 Index
12105-12146-12207 are major resistance levels, while
12040-11980-11932 are expected to act as major support levels.

Nifty structure, global markets are indicating downward bias. Open Interest data, Option Chain and PCR indicate uptrend though.

Trade closed: target reached


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