Intraday resistance at 12,210 & 12,250 -- 14 Feb 2020
Resistance1: 12,210 -- Resistance 2 : 12,250
Support: 12,145 -- Support 2 : 12,100
Nifty yesterday closed with minor loss.
Market is cautious at higher levels.
Flat opening expected.
Nifty in-case of a positive trend, intraday resistance above is at 12,210.
Market has to trade above resistance for a further uptrend.
Then the next major resistance above is at 12,250.
Market has to breakout out of 12,250, for a further uptrend.
In-case of a weakness, intraday support below is at 12,145.
In-case of any trading below 12,145, then it indicates a further weakness.
Then the next major support below is at 12,100.
- V. Sundar Raja, Research Analyst