We discussed the last analysis. For the upside journey to continue, Nifty Bulls need to hold the 11975-11950 area. As below, bears will get the upper hand, and we can see downside levels. On the high side, 12163-12190 is the most critical area. Any close above that will add more positiveness to the present upside swing.
Yesterday, the Index opened on a positive note and continued to maintain a bullish tone for the rest of the day before EOD, when the Nifty made its new lifetime high around 12182.
The swing trading view for Nifty is the same; we should closely monitor price action in the 12163-12190 zone for further upside clues.
On the lower end, support has now shifted to 12080; below that, we can move towards the 12030/11950 ranges.
Intraday Nifty Trading Levels 18th Dec
Today’s Intraday resistance is at 12190; above that, the move towards 12220/12270/11360 can be seen.
While Support for today is likely to come at 12110, below that, a move towards 12080/12030/11940 can be seen.
Note: The above-mentioned Price projection & other Information are for educational purposes only.
