Nifty: Upside correction or direct fall? 27-Jan-2020

Data as per GCI MT4
CMP: 12195; Sup: 12150/12083; Res: 12268/12414
If nifty supported by 12150/12083 we can see 12268 again and further 12300-12340 before next fall to 11900/850.

Above 12414 bullish, Below 12150/12083 bearish.

Previous Analysis:

https://ewavesjournal.blogspot.com/2020/01/nifty-is-topping-out-in-progress-13-jan.html