06.01.2020 Monday, 8 07 am 

What has happened on Friday? Nifty index started the day with negative note, made a high point at 12265.60 thereafter the weakness dragged till end of the session and made a low 12191.25 near our support levels i.e. 12195 and closed the day at 12226.25 with negative bias.

What will happen today? Nifty Index may open on negative note with gap down due to the geopolitical tension in Iran may impact the global equity market and Indian market too. Hence, the Nifty Index on opening move may test 12190-12150  levels if, trade and sustain below 12150 then, it may test 12120-12060-12010 levels. Likewsie, the resistance seen at 12235-12265 levels if, trade and sustain above 12265 then, it may test 12290-12320-12360 levels.

Special Mention: Nifty Index if, closes below 12190-12150 levels for three consecutive trading sessions then, it may re-test 12060-12010-11830 very soon.

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