10.02.2020 Monday, 8:28 am 

What has happened on Friday? Nifty index contrary to our expectation opened with a mild gap up at 12154.70 but, unable to cross our resistance levels i.e 12170 thereafter, a strong profit booking as expected dragged the Index till 12075, it made a day low 12073.95 and closed the day at 12098.35 with negative note.

What will happen today? Nifty Index today may open on a flat to negative note to test 12075-12045 levels, further weakness below 12045 then, it may re-test 12000-11955-11895-11830 levels. Likewise, the immediate resitance seen at 12115-12160 further upmove above 12160 then, it may test 12195-12225-12270-12300 levels. 

Special Mention: Nifty Index continue to closes above 11930 today if, move and closes above 12160 then, 12270-12370-12430 possible levels in the near term. As stated on Friday, a mild sell-off cum profit booking till 12020-11930 possible very soon, due to the Nifty Index trading in a over bought zone, some consolidation may be needed to move up beyond 12300 levels.

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