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Nifty Trading View for 18th Dec

In the last analysis, we discussed. For continuing, the upside journey Nifty bulls need to hold 11975-11950 area. As below, that bears will get the upper hand & we can see downside levels. On the high side, 12163-12190 is the most critical area any close above that will add more positiveness in the present upside swing.

Yesterday Index opened on a positive note & continued to maintain a bullish tone for the rest of the day before EOD Nifty made the new lifetime high around 12182 levels.

NS Gann Angle 181219 4
Nifty Daily Gann Angle Chart

The swing trading view for Nifty is the same; we should closely monitor price action in 12163-12190 zone for further upside clues.

On the lower end, support has now shifted at 12080 below that we can move towards 12030/11950 ranges.

Intraday Nifty Trading Levels 18th Dec

Resistance for today in Intraday is at 12190 above the move towards 12220/12270/11360 can seen.

While Support for today is likely to come at, 12110 below that move towards 12080/12030/11940 can be seen.

Note: Above mention Price projection & other Information are for educational purpose only.