20.01.2020 Monday, 8:27 am 

What has happened on Friday? Nifty index as expected and written started the day with flat note and moved down till near our support levels i.e 12310, made a low at 12321.40 thereafter, it moved up till our resistance levels i.e. 12390, made a high at 12385.45. Further, the Nifty index traded in a range bound between 12375-12330 and closed at 12352.35 with flat note. 

What will happen today? Nifty Index may open on a flat note with positive bias to test 12370-12410 levels if, sustain above 12410 then, it may test 12445-12465-12500 levels. Likewise, the immediate support lies at 12345-12315 levels if, trade and sustain below 12315 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 at 12300 levels may drag the Index till 12150 levels in the coming sessions.

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