Sundara Raja Market Trends - (Feb 13, 2020)

Sundara Raja Market Trends - (Feb 13, 2020)
Intraday resistance at 12,220 & 12,250
Resistance1: 12,220     --    Resistance 2  : 12,250
Support:        12,180      --   Support 2 :       12,145
Nifty yesterday closed with gain of 93 points.
Market closed steady at day's high.
Market is nearer to resistance levels.
Flat opening expected.
Nifty in-case of a positive trend, intraday resistance above is at 12,220.
Market has to trade above resistance for a further uptrend.
Then the next major resistance above is at 12,250.
Market has to sustain above 12,250, for a further uptrend.
In-case of a weakness, intraday support below is at 12,180.
In-case of any trading below 12,180, then it indicates a further weakness.
Then the next major support below is at 12,145.
V. Sundar Raja, Research Analyst