26.12.19 Thursday, 8 35 am 

What has happened on Tuesday? As expected and written, the Nifty Index started the day in negative bias and took support near our support levels i.e.12255 and moved near our resistance zone i.e 12275-12295, made a high point at 12283.70 but, unable to break 12295 thereafter, the consolidation made a the Nifty Index to trade in a range bound and the late hour sell-off dragged till our support levels i.e. 12195, made a low at 12202.10 and closed at 12214.55. 

What will happen today? Nifty Index may open in flat note to test 12205-12190 if, trade and sustain below 12190 then, it may test 12165-12140-12115 levels. On the other hand, the immediate resistance seen at 12235-12255 levels if, trade and sustain above 12255 then, it may test 12285-12320-12360 levels.

Special Mention: Nifty Index, as written tested 12200 levels if, closes below 12190 levels for three consecutive trading sessions then, 12100-12070 possible levels in the near term. Further upmove possible only if, closes above 12295 in the coming sessions.

Please read carefully the Disclaimer mentioned on the bottom of this page. Wishing you for the safe and profitable trade.