1)NIFTY is taking resistance from 12280-12300 which is major resistance level.
2)Also whenever a round number resistance level that is 12000 in this case price always tends to retest it which is due.
3)The price is also taking resistance from the trend line
4)RSI is also showing divergence at higher levels
So, go short on NIFTY
2)Also whenever a round number resistance level that is 12000 in this case price always tends to retest it which is due.
3)The price is also taking resistance from the trend line
4)RSI is also showing divergence at higher levels
So, go short on NIFTY