23.01.2020 Thursday, 8:26 am 

What has happened yesterday? Nifty index as expected and written started the day on a flat to positive note and traded near our reistance levels i.e. 12230, made a high at 12225.05 thereafter,  the strong sell-off dragged till our threshold support band i.e 12150-12125, made a low at 12125, it traded with a range bound move and the late hour sell-off once again dragged till our support levels i.e 12085, made a day low at 12087.90 and closed the day at 12106.90 on a negative bias.

What will happen today? Nifty Index may open on a flat to negative bias to test 12085-12045 levels if, sustain below 12045 then, it may test 12005-11975-11930 levels. On the other hand, the immediate resitance seen at 12125-12160 levels if, trade and sustain above 12160 then, it may test 12195-12230-12290 levels. 

Special Mention: Nifty Index yesterday closed below 12130 levels if, continue to close below this level today and tomorrow then, it may test 11930-11830 levels very soon. On the upper side 12290 levels will act as resistance if, moves and sustain above 12290 then, 12375-12430 possible in the near term. 

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