In the last analysis, we discussed. The primary support for Nifty is still in the same range 11990-11920. The resistance area on the upper side 12080-12100. Above that, we can see further upside towards the 12180/12300 range.
Yesterday Index opened on the positive note. It first traded in a small range and was hovering around level 12080; near to Gann resistance range. Later it moved downwards & made the low around 11998 levels.
So far if we see the overall picture of this week till now then, first Nifty get the support from near to 11920 range. It is now facing resistance at near to 12080-12100 range.
The trading plan is still the same. Nifty bulls need to cross & hold above the 12080-12100 Gann resistance range for upside.
On the lower end, Nifty support is same in 11990-11920 range, on holding below it; we can expect slide.
Intraday Nifty Trading Levels for 06th Dec
Resistance for today in Intraday is at 12055 above the move towards 12085/12135/11200 can seen.
While Support for today is likely to come at, 11985 below that move towards 11955/11905/11840 can be seen.
Note: Above mention Price projection & other Information are for educational purpose only.