BharatJhunjhunwala

12090 will keep providing support to the index breaking below it

NSE:NIFTY   Nifty 50 Index
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.
Bharat Jhunjhunwala
MFTA,CMT,CFTe,MSTA
http://www.prorsi.com

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