04.02.2020 Tuesday, 8:33 am 

What has happened yesterday? Nifty index as expected and written opened on negative note with weakness and tested our support levels mentioned i.e 11630, made a low 11626.70 thereafter, it moved up till our resistance levels i.e 11725, made a high 11714 thereafter, the weakness once again dragged till 11614.50 further, the Nifty index traded with volatility between 11749-11650 throughout the day and closed at 11707.90 with positive note.

What will happen today? Nifty Index today may open on a flat to positive note to test 11750-11780 levels, further upmove above 11780 then, it may test 11800-11835-11865 levels. Likewise, the immediate support seen at 11690-11635 further weakness below 11635 then, it may test 11605-11535-11490 levels. 

Special Mention: The Nifty Index should take support at 11600 levels any close below 11600 then, the weakness cum sell-off may drag till 11490-11300-11100 levels. Further upmove possible only, when it closes above 11930 for three consecutive trading sessions then, it may re-test 12020-12200 levels in the near term.

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