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Nifty Trading View for 18th Dec

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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.

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About the Author

Divesh Jotwani is a Full-time trader in the Indian stock market. He has spent over 20+ years researching and discovering WD Gann's methods and applying them day in and out markets.