16.01.2020 Thursday, 8:25 am 

What has happened yesterday? Nifty index as expected and written started the day with flat note and made a hight at 12350  levels further, the sell-off dragged the index till our support levels i.e. 12275, made a low 12278.75 and the last hour up move lifted the Index till 12355.15 and closed at 12343.30 with mild negative bias. 

What will happen today? Nifty Index may open on a flate note with positive bias to test 12355-12375 levels if, sustain above 12375 then, it may test 12395-12420-12465 levels. Likewise, the immediate support lies at 12310-12275 levels if, trade and sustain below 12275 then, it may re-test 12245-12205-12150 levels. 

Special Mention: On 14th Jan Intra update, we had written that the Nifty Index may see some profit booking either 14th or 15th Jan'20 till 12285-12215 levels, as stated the Nifty Index yesterday corrected till 12278 levels. Nifty Index closed above 12300 for three trading sessions already if, breaks above 12375 today then , it may reach the threshold levels i.e 12500 very soon else, any weakness at 12300 levels may drag the Index till 12150 levels in the coming sessions.

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