01.01.2020 Wednesday, 8 55 am 

Happy New Year wishes to all....

What has happened yesterday? As expected and written, the Nifty Index started the day with flat to negative note, made a high point near our resistance levels 12265, thereafter, the weakness dragged the Index till our support levels i.e. 12215, further Intraday volatility lifted again near day high and the sell-off once again dragged below 12215 and tested our support levels i.e.12155, made a low at 12151.80 and closed at 12168.45 on a neagtive note.

What will happen today? Nifty Index may open with flate note to test 12155-12120 levels if, trade and sustain below 12120 then, it may re-test 12090-12065-12030 levels. Likewise, the immediate resistance seen at 12180-12205 levels if, trade and sustain above 12205 then, it may test 12245-12270-12295 levels.

Special Mention: Nifty Index yesterday closed below 12235 if, continue to closes below this level then, 12100-12000 possible in the near term.  

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