27.12.19 Friday, 8 37 am 

What has happened yesterday? As expected and written, the Nifty Index started the with flat note made a high 12221.55, it was trading in range bound move and broken 12190 levels, further weakness dragged the Nifty Index till our final support i.e. 12115, made a day low 12118.85 and closed at 12126.55. 

What will happen today? Nifty Index may open on positive bias with gap up to test 12140-12180 if, trade and sustain above 12180 then, it may test 12205-12220-12250 levels. On the other hand, the immediate support lies at 12155 levels if, trade and sustain below 12155 then, it may re-test 12120-12090-12070 levels.

Special Mention: Nifty Index, as written tested almost 12100 levels yesterday and closed below 12190 but, it should close today and Monday below this level then, the sell-off may drag the Index till 12000 levels. At the same time if, closes above 12295 levels today and Monday then, 12500 possible levels in the near term. 

Please read carefully the Disclaimer mentioned in the Disclaimer page. Wishing you for the safe and profitable trade.