09.01.2020 Thursday, 8:30 am 

What has happened yesterday? Nifty index as expected and written started the day with gap down and took support near our threshold levels i.e. 11920, made a low at 11929.60 thereafter, the strong bounce lifted the Index till our resistance band i.e. 12000-12060, made a high at 12044.95 further, the Intra volatility made the Nifty Index to trade between 11950-12035 levels and ended the day at 12025.35 on flat note with negative bias. 

What will happen today? Nifty Index may open on positive bias with a gap up by tracking the global markets to test 12065-12110 levels if, sustain above 12110 then, it may test 12150-12185-12215 levels. On the other hand, the immediate support lies at 12045-11990 levels if, trade and sustain below 11990 then, it may take a support at 11970-11930-18885 levels. 

Special Mention:  Watch the Nifty Index at 12085, which is a crucial levels if, moves and closes above 12085 today and tomorrow then, further upmove till 12300 possible in the near term and 11929 levels may act as a major support for the Nifty Index. 

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