30.01.2020 Thursday, 8:29 am 

What has happened yesterday? Nifty index as expected and written opened with a positive note by taken the support at 12110 and tested 12160  levels thereafter, the Index trading in a range bound further a mild sell-off dragged once again till 12105 and moved up and closed at 12129.50 with positive bias.

What will happen today? Nifty Index may open on a flat to negative note to test 12105-12080 levels if, trade and sustain below 12080 then, it may go down till 12045-11990-11930 levels. Likewise, the immediate resistance seen at 12170-12200 levels if, trade and sustain above 12200 then, it may test 12225-12270-12320 levels. 

Special Mention: Indian equity market may trade today with high volatility due to monthly F&O expiry and the important event i.e Union budget falls on Saturday. Nifty Index may take support at 12085-12000 levels since, it is the last hope on the downside else, any weakness below 12000 then, the sell-off may drag the Index till 11930-11832 levels in the near term. Further, any up move is possible only, when it is closes above 12150 for three consecutive trading sessions, then it may re-test 12300-12430 levels.

Please read carefully, the Disclaimer published in the Disclaimer page. Wishing you for a safe and secured trading.