08.01.2020 Wednesday, 8 26 am 

What has happened yesterday? Nifty index as expected and written started the day with positive bias and made a high at 12152.15, thereafter, it was unable to move above this high levels, the weakness slowly dragged the Index till 12005.85 and closed the day at 12052.95 with postiive note. 

What will happen today? Nifty Index may open on negative bias with gap down by tracking the global markets to test 11970-11920 levels if, sustain below 11920 then, it may test 11885-11830-11800 levels. Likewise, the immediate resistance seen at 12000-12060 levels if, trade and sustain above 12060 then, it may test 12095-12150-12195 levels. We should watch 12179.10 at the high level and 11974.20 at the low level since, yesterday the Nifty Index made an inside day formation by not breaking these levels either side, the fresh direction may be decided today, by breaking these levels and closes either below 11970 or above 12179 levels.

Special Mention: Nifty Index yesterday also closed below 12150 levels if, moves below 11940 and closes below 11970 today then, as mentioned it may re-test 11830-11700 very soon. 

Please read carefully, the Disclaimer published in the Disclaimer page. Wishing you for a safe and secured trading.