24.01.2020 Friday, 8:50 am 

What has happened yesterday? Nifty index as expected and written started the day on a flat to neagtive note and traded near our key support levels i.e. 12085, made a low at 12094.10 thereafter,  the strong pull back rally lifted the Index till 12180, the weekly option expiry volatility dragged down once again to 12100, the late hour up move lifted the Index till 12189 and closed the day at 12180.35 with positive note.

What will happen today? Nifty Index may open on a flat to positive bias to test 12195-12230 levels if, sustain above 12230 then, it may test 12275-12295-12330-12390 levels. Likewise, the immediate support lies at 12160-12130 levels if, trade and sustain below 12130 then, it may test 12090-12045-11975 levels. 

Special Mention: Nifty Index yesterday managed to close above 12130, today if cross 12230 levels then, 12300-12430 possible levels in the near term. Any weakness below 12130 and closes again below this level, may drag the Nifty till 12045-11930 levels very soon.

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