Nifty Support and Resistance Levels for Tuesday 12th March

Nifty support and resistance levels to trade on tuesday Resistance 22420-22400, Support 22300-22290 areas. Today nifty gave good move after breaking down the level of 22430-22400 area now it will act as resistance.One hour time frame price closed below 50 EMA if opens flat and takes resistance on it expecting nifty to fall further on tuesday to check 22200 to 22170 areas an important support to held here to resume uptrend if not will have to reaccess the view again here.

22360 Above sustains long targets of 22400,22430,22475
22290 Below sustains short targets of 22260,22230,22180.

Mentioned support and Resistance areas can act as reversal points also please check the price action on those levels.

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22360 Above as mentione in idea above 2 targets done so far almost to third one in play now

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Resistance area also held today what a move to downside in few mins

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Support and Resistance Levels for 13th March
Nifty been stuck in range since march 1st except one day it tried ot go upside but no strength back into the consolidation zone.

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22290 Below sustains short targets of 22260,22230,22180.

All targets acheived below 22290 level today

Comment:

NO support got respected today clean cut fall