In the last Nifty Index Analysis, we discussed. We can move towards more upper levels in the coming days. To maintain the upside momentum, Bulls need to hold 11990 levels. On the higher side, 12110-120 is the small hurdle area above which we can see a rally of more than 75/150 points.
Yesterday, the Index opened on a positive note, gaping up. We reached a new lifetime high above 12030. But soon after hitting the new all-time high, Nifty started correcting and made a low of around 12006 levels.
As discussed yesterday also, 12110-120 is the small resistance area from near to it Index is witnessing bit weakness.s
The Primary support level on the downside has now shifted to 11930. Any close below this level will add short-term bearishness to the market.
Intraday Nifty Trading Levels for 27th Nov
Resistance for today in Intraday is at 12070 above the move towards 12100/12150/11240 can be seen.
While Support for today is likely to come at 11990, below that, a move towards 11960/11910/11820 can be seen.
Note: The above-mentioned Price projection & other Information are for educational purposes only.
