CRUCIAL LEVELS : 12040 SPOT(UP) 11800( DOWN)
Sell Nifty below 11800 spot. Target: 11720-655 spot. Breach of 11600 spot will drag the Index lower towards 11000 spot. Break of 12040 spot will push the Index higher towards 12220-290 spot.
Nifty witnessed sharp fall from 12040 levels for a second time and the area of 12000-12040 seems to be a strong resistance. Decisive break is needed for fresh longs.
Sell Nifty below 11870 spot and more below 11800 spot.
Buy Nifty above 11950 spot. Target : 12010-40 spot.