15.01.2020 Wednesday, 8:27 am 

What has happened yesterday? Nifty index as expected and written started the day with positive bias and taken support at 12310 levels further, it was consildating most of the day between 12350-12320, the last hour up move lifted the Index till 12374.25 and closed at 12362.30 with positive bias. 

What will happen today? Nifty Index may open on a flate note to test 12375-12395 levels if, sustain above 12395 then, it may test 12420-12455-12495 levels. On the other hand, the immediate support lies at 12335-12300 levels if, trade and sustain below 12300 then, it may re-test 12275-12240-12215 levels. 

Special Mention: Nifty Index closed above 12300 already for two trading sessions if, sustain and closes above 12300 level today then, 12500 is possible in the near term else, the weakness with sell-off may drag down the Index till 12240-12150 very soon.

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