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Nifty 50 Index

12090 will keep providing support to the index breaking below it

By BharatJhunjhunwala
Like the Banknifty, Nifty is also resting at an support level. 12090 will keep providing support to the index breaking below it Nifty may slide to 11960, 11790 & 11420 levels. While 12300 will act as a strong resistance zone for Nifty. The RSI is into neutral zone between 60-40 levels, while it is also taking resistance at the trend line. The MACD is also facing resistance at zero levels on MACD. The momentum is fading as of now.
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BharatJhunjhunwala
Bharat Jhunjhunwala
MFTA,CMT,CFTe,MSTA
prorsi.com
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