Nifty technical analysis 04/12/2019

Nifty

Close=11994.20

The index closed a tad below 12,000 and formed a bearish candle on daily charts



[The Nifty opened higher only to slip into the red and traded lower through the December 3 session following renewed worries about the US-China trade deal and America opening a new front by restoring tariffs against steel and aluminium imports from Brazil and Argentina.]


If the index breaks the next crucial support of 11,950, then there could be major selling pressure,


   What direction will the Nifty move during the day
How many levels can go up and down?
Where the Nifty closes above the level, there is a big upside, and where the level closes below, the big down comes.
                          Chart ⤵⤵⤵⤵


A Nifty Analysis  We can see a big upside we should see a good move in nifty.
Just  a close above 12100 for a move upside to 12150/12250.
     Selling pressure get active below 11950 for a expected to 11910/11870/11840/11800

Let's Day Reversal Time
11:40/1.30/2.20

Nifty  Trend  upside level is 12045 For Intraday Traders).
Nifty Trend Changer Level (Positional Traders) 12100
Intraday level
Buy Above 12030 Tgt 12070,12100 and 12135 (Nifty Spot Levels)
Sell Below 11975 Tgt 11950,11910 and 11870 (Nifty Spot Levels)




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