07.01.2020 Tuesday, 8 42 am 

What has happened yesterday? Nifty index as expected and written started the day with gap down, the strong sell-off dragged the Index throughout the day by broken all the support levels and made a low 11974.20 and closed 11993.05 with neagtive bias, due to the global weakness.

What will happen today? Nifty Index may open on flat to positive bias to test 12015-12045 levels if, sustain above 12045 then, it may test 12095-12130-12180 levels. On the other hand, the immediate support lies at 11970-11940 levels if, trade and sustain below 11940 then, it may test 11920-11885-11830 levels.

Special Mention: Nifty Index yesterday closed below 12150 levels if, closes for another two consecutive trading sessions below 12150 then, it may re-test 11830-11700 very soon.

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