10.01.2020 Friday, 8:27 am 

What has happened yesterday? Nifty index as expected and written started the day with a gap up by taken the support at 12132 levels, further non-stop rally lifted the Index till near our final resistance levels i.e. 12215, made a high at 12224.05 and closed the day at 12215.90 on a strong note with positive bias. 

What will happen today? Nifty Index may open on a flat note with positive bias to test 12225-12255 levels if, sustain above 12255 then, it may test 12290-12320-12375 levels. Likewise, the immediate support lies at 12185-12150 levels if, trade and sustain below 12150 then, it may test 12110-12075-12040 levels. The weekend factor volatility may rule the Nifty Index with consolidation move and mild profit booking possible till 12150-12100 levels as well as, the Q3 results season kick starts by Infosys today, we should wait and watch the outcome and dollar guidance.  

Special Mention: Watch the recent all time high made by the Nifty Index at 12293.90 unless, it cross and closes above 12300, further up move is not possible in the near term. If, the Nifty Index closes above 12300 today and Monday then, it may test 12500 very soon else, it may trade in the broad based range between 12300-12000 levels. 

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