17.01.2020 Friday, 8:29 am 

What has happened yesterday? Nifty index as expected and written started the day with positive bias and made a high point at 12389.05, which was near our hurdle levels i.e. 12395. Further, the weekly option expiry volatility dragged the index till our support levels i.e. 12310, made a low 12315.80 thereafter, it was slowly moved up and ending the day at 12355.50 with mild  positive bias. 

What will happen today? Nifty Index may open on a flat note to test 12375-12390 levels if, sustain above 12390 then, it may test 12425-12465-12500 levels. On the other hand, the immediate support lies at 12345-12310 levels if, trade and sustain below 12310 then, it may re-test 12280-12245-12205 levels. 

Special Mention:  Nifty Index continuously taking support and closing above 12300 levels, if move and sustain above 12400 then, it may test 12500 very soon else, any weakness below 12300 levels may drag the Index till 12150 levels in the coming sessions.

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