03.02.2020 Monday, 8:45 am 

What has happened on Saturday? Nifty index as expected and written opened with weakness and tested our support levels mentioned i.e 11875, made a low 11881.75 thereafter, it moved up till 12017.35 with a budget expectation around 11.15 am, it started to move down and continued to down throughout the day, due to the disappointment on the budget proposal, the Investors showed a thumps down and the sell-off gripped further the Nifty Index dragged till 11633.30 and ended the day at 11661.85 with negative bias.

What will happen today? Nifty Index today may open on a flat to negative note to test 11630-11605 levels, further weakness below 11605 then, it may test 11555-11490-11430 levels. On the other hand, the immediate resistance seen at 11675-11725, any move above 11725 then, it may re-visit 11780-11825-11885-11930 levels. 

Special Mention: The Indian Equity Market may witness a high volatility for couple of trading sessions, to test 11490 on the lower side to take support there else, it may move till 11100 levels very soon.

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