01.02.2020 Saturday, 8:40 am 

BUDGET DAY SPECIAL EDITION

What has happened yesterday? Nifty index as expected and written opened with a flat note to positive bias at our resistance levels mentioned i.e 12090, made a day high 12103 thereafter, it was unable to surpass above the day high and weakness cum sell-off throughout the day, the month end volatility  lifted once again till 12060, further late hour sell-off dragged the  Index till our threshold support levels i.e. 11930, made a day low 11945 and ended the day at 11962.10 with negative bias.

What will happen today? The special trading session on account of the presentation of the Union Budget today, may witness high volatility in the Nifty index to test 11930-11875 levels, any further weakness below 11875, may drag till 11832-11800-11755-11700 levels. Likewise, 12085-12150 levels may act as stiff resistance any further strong up move may lift the Nifty Index till 12220-12300-12430 levels. 

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