Nifty Futures on Tuesday trading session rejected the Monday Prominent POC and broken two day low. And Short term trend reversal is witnessed with overhead resistance around 12120-12140 levels.
Interestingly there was a late rally from the mid-day liquidation which pulls the price down below the value area low and managed to settle down below the Friday low.
![](https://i0.wp.com/www.marketcalls.in/wp-content/uploads/2019/12/NIFTYFUT-12-19-30-Minute-2019_12_04-07_21_58.png?fit=1024%2C513&ssl=1)
Friday session also currently acting as overhead resistance in the band of 12120 & 12140. And the short term trend turns down from consolidation mode. Value on Tuesday’s trading session built lower as well.
![](https://i1.wp.com/www.marketcalls.in/wp-content/uploads/2019/12/NF-30min.png?fit=1024%2C483&ssl=1)
Today’s opening monitor is going to be rally high and Wednesday low to monitor the trading confidence. Nifty might be holding the 12000 psychological marks till the RBI announcement. However, in a short term trading sentiment started shifting towards the downside and near term Nifty Futures might be approaching towards the AB poor low at 11880 levels and lower.