31.12.19 Tuesday, 8 26 am 

What has happened yesterday? Contrary to our expectation, the Nifty Index started the day with mild gap up and tested near our resistance levels i.e 12295, made a high at 12286.45 thereafter, it was unable to break our resistance levels, the mild sell-off slowly dragged the Index till 12213.80, the intra volatility with short covering lifted once again near the day high and closed at 12255.85 on flat note with mild positive bias.

What will happen today? Nifty Index may open with negative bias to test 12235-12215 levels if, trade and sustain below 12215 then, it may re-test 12180-12155-12118 levels. On the other hand, the immediate resistance seen at 12265-12295 levels if, trade and sustain above 12295 then, it may test 12320-12340-12380 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 12235 for three consecutive trading sessions then, the Nifty Index may re-test 12155-12100 levels very soon. 

Wishing you and your loved one, for a Happy and Properous New Year 2020

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