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Nifty To Find Resistance At 11,988-12,077 Points


While the markets have been buoyant over the last few weeks, the Nifty is likely to find support at 11,810-11,740 points, while the resistance is likely to be at 11,988-12077 points, according to Mr. Ravi Singhal, Vice Chairman, GCL Securities Limited. The buying zone for the Bank Nifty has been placed at 24,000 to 24,100 points.

Nifty To Find Resistance At 11,988-12,077 Points

Here are some of the technical levels as suggested by Mr. Singhal.

Key levels to watch for:

Nifty support zone 11,810-11,740

Nifty resistance zone 11,988-12077

Bank nifty support zone 24,024-23,777

Bank Nifty resistance zone 24,555-24888

Buying zone of Nifty 11,810-11,840

SI 11740

TGT 11,944-12022,12088

Bank Nifty buying zone 24,000 -24,100

Sl 23777

TGT 24488,24800,25000

Read more about: nifty bank nifty
Story first published: Thursday, October 22, 2020, 9:29 [IST]
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