Key levels for Initiating shorts: 11956 is the key level for Nifty. If broken can be used to initiate short with a stop above day high. Next key level is 11873. Break of this level should lead to a sharp fall below 11829.
On the upside 12040 holds the key. Although longer term charts suggest Nifty may remain choppy with bullish bias above this level.
On the upside 12040 holds the key. Although longer term charts suggest Nifty may remain choppy with bullish bias above this level.