What has happened yesterday? Nifty index as expected and written started the day with positive bias and taken support at 12285.80 levels further, it moved up and made a high at 12337.15, thereafter it was consolidating in a range between 12330-12300 most of the day and closed at 12329.55 with positive bias.
What will happen today? Nifty Index may open on a flate note with positive bias to test 12360-12390 levels if, sustain above 12390 then, it may test 12420-12455-12495 levels. Likewise, the immediate support lies at 12320-12290 levels if, trade and sustain below 12290 then, it may re-test 12270-12245-12215 levels.
Special Mention: Yesterday, the Nifty Index closed above 12300 for the first time if, closes above this level for an another two trading sessions then, it may re-test 12500-12680 very soon. Either, today or tomorrow a mild sell-off possible till 12285-12215 levels.
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