30.12.19 Monday, 8 43 am 

What has happened on Friday? As expected and written, the Nifty Index started the day with a gap up opening by taken a support near our support levels i.e 12155, made a low at 12157.90 thereafter, the non-stop rally lifted the Index till 12130 then, a mild profit booking dragged down but, on closing move took the Index till our resistance levels i.e 12250, made a day high at 12258.45 and closed at 12245.80. 

What will happen today? Nifty Index may open on flat note with negative bias to test 12230-12195 levels if, trade and sustain below 12195 then, it may re-test 12170-12150-12120 levels. Likewise, the immediate resistance seen at 12255-12295 levels if, trade and sustain above 12295 then, it may test 12340-12380-12405 levels.

Special Mention: Nifty Index, if closes above 12295 for three consecutive trading sessions then 12500 possible in the near term else, any close below 12155 for three consecutive trading sessions then, the Nifty Index may re-test 12200-12100 levels very soon. 

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