*Nifty 50 - UPDATE*
In last trading session Nifty made high 11929, low 11684 and closed at 11729. Once again Nifty could not sustain on higher levels and we saw selling pressures in the market.
Nifty has important support at 20 DEMA , which is placed near 11700, if it sustain below 11700 then it can test 11530, on the upside the range of 12000-12025 play as an strong resistance for the short term, thus fresh long positions should be taken only on a breakout above 12025.
Disclaimer-Educational purpose only.