31.01.2020 Friday, 8:22 am 

What has happened yesterday? Nifty index as expected and written opened with a positive note, made a day high 12150.30 thereafter, the weakness cum sell-off dragged the Nifty Index throughout the day till our support levels mentioned i.e 11990, made a low at 12010. Further, the minor pull back lifted the Index till 12060, ended the day at 12035.80 with negative bias.

What will happen today? Nifty Index may open on a flat to positive note to test 12060-12090 levels if, trade and sustain above 12090 then, it may go up till 12130-12150-12200 levels. On the other hand, the immediate support lies at 12010-11985 levels if, trade and sustain below 11985 then, it may test  11930-11870-11830 levels. 

Special Mention: Nifty Index may trade with high volatility due to the upcoming important event i.e Union budget, it may take support at 12000-11930 since, it is the last hope on the downside else, any weakness below 11930 then, the sell-off may drag the Index till 11832-11700 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.