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.
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.