After breaking the 11920 Gann support, Nifty made the around 11832 levels. The low was near the Gann Angle Support (green) line.
From there, bulls took charge yesterday, and they made the high around 12132 levels.
Nifty Bulls need to hold the 11975-11950 area to continue the upside journey. Below that, bears will get the upper hand, and we can see downside levels.
On the upper side, 12163-12190 is the most critical area; any area close above it will add more positiveness in the present upside swing.
Intraday Nifty Trading Levels 17th Dec
Today’s Intraday resistance is at 12105, above the move towards 12135/12185/11275.
While Support for today is likely to come at 12020, below that, a move towards 11990/11940/11850 can be seen.
Note: The above-mentioned Price projection & other Information are for educational purposes only.
