12.02.2020 Wednesday, 8:24 am 

What has happened yesterday? Nifty index as written and expected opened on a positive note by taken a support at 12103, the non-stop upmove lifted the Index till our resistance level i.e 12160, made day a high 12172.30, unable to sustain above 12160 level thereafter, the late hour profit booking dragged till 12100, made a day low 12099 and closed the day at 12107.90 with positive bias.

What will happen today? Nifty Index today may open on a flat to positive note to test 12120-12160 levels, further rally above 12160 then, it may test 12200-12270-12325 levels. Likewise, the immediate support lies at 12100-12065 further weakness below 12065 then, it may re-test 12030-11990-11955 levels. 

Special Mention: Nifty Index as written on yesterday's update, started to close above 12085 level, further closes above 12085 today and tomorrow then. the Index may test 12200-12300 very soon. Any weakness hereafter, if  closes below 12085 then, it may test  till 11930-11830 levels in the near term.

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