29.01.2020 Wednesday, 8:29 am 

What has happened yesterday? Nifty index as expected and written opened with flat to negative note at 12100 levels, which was our support levels mentioned in yesterday's update i.e 12100-12087, a minor pull back lifted the Index till our resistance levels i.e 12150-12190, made a high 12163.55 thereafter, it was unable to surpass above the day high and weakness cum sell-off dragged in late hour till 12024.50, and closed the day at 12055.80 with negative bias.

What will happen today? Nifty Index may open on a flat to positive note to test 12075-12105 levels if, trade and sustain above 12105 then, it may go up and test 12130-12160-12195-12220 levels. On the other hand, the immediate support seen at 12045-12025 levels if, trade and sustain below 12025 then, it may test 11990-11975-11930 levels. 

Special Mention: Nifty index if, closes above 12150 for three concecutive trading sessions then, 12300-12430 possible on or before Budget session else, any close below 12000-11930 levels may drag the Index till 11830-11700 levels very soon.

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