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.

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