22.01.2020 Wednesday, 8:30 am 

What has happened yesterday? Nifty index as expected and written started the day with negative note with a gap down traded near our threshold support levels i.e. 12150, made a low 12167 thereafter, it moved up till 12230 levels and unable to break either 12255 on the higher side or not moved below 12150 levels, it traded in the range bound and ended the day at 12169.85 on a negative bias.

What will happen today? Nifty Index may open on a flat note to test 12200-12230 levels if, sustain above 12230 then, it may test 12255-12295-12350 levels. Likewise, the immediate support lies at 12160-12125 levels if, trade and sustain below 12125 then, it may test 12085-12045-12000-11975 levels. 

Special Mention: Nifty Index if, closes below 12150-12130 levels may lead to further deep correction till 11930-11830 levels. On the upper side 12300 levels will act as resistance if, moves and sustain above 12300 then, 12430-12500 possible in the near term. 

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