11.02.2020 Tuesday, 8:30 am 

What has happened yesterday? Nifty index as written and expected opened on a flat to negative note and made a high 12103.55, unable to cross above this level thereafter, a strong profit booking as expected dragged beyond 12045 and made a day low 11990.75, which was our support level i.e 12000 and closed the day at 12031.50 with negative note.

What will happen today? Nifty Index today may open on a positive note by tracking the global markets to test 12070-12105 levels, further rally above 12105 then, it may test 12160-12200-12270 levels. On the other hand, the immediate support lies at 12055-12030 further weakness below 12030 then, it may re-test 11990-11950-11895-11830 levels. 

Special Mention: Nifty Index as expected & written, a mild sell-off cum profit booking happened in last two trading sessions and tested our support level i.e 12k mark, further weakness only if, the Nifty Index closes below 11950-11930 levels then, it may re-test 11830-11750 levels. At the same time any close above 12085 for three consecutive trading sessions then, the strong upmove with short covering may lift the Nifty Index till 12160-12300-12430 levels in the near term.

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