Nifty Technical Outlook with Global Tension

Nifty 50 :

Nifty Hourly Chart
Nifty Hourly Chart 
Nifty50 spot has made low of 11978 and Pull back .

Pull back may possible upto 12160 or 12236.

As current market situation Nifty is around 12080 as back from 12160.

12160 is tough resistance.  Double top may possible near 12160 .

If divergence Candle form near 12160 than it is possible chance of short.

Points to Note :

Wait for Short near 12160 /12236 if Price Action and Candle Forms in this zone.
SL 12300
TP 11832 

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