13.02.2020 Thursday, 8:26 am 

What has happened yesterday? Nifty index as written and expected opened on a positive note by taken a support at 12144.30 the non-stop upmove lifted the Index above our first leve resistance i.e 12200, made day a high 12231.75, unable to sustain above this level thereafter, it was trading in the range move and closed the day at 12201.20 with positive bias.

What will happen today? Nifty Index today may open on a flat to positive note to test 12220-12270 levels, further rally above 12270 then, it may test 12295-12325-12375 levels. On the other hand, the immediate support lies at 12195-12150 further weakness below 12150 then, it may re-test 12085-12030-11990 levels. 

Special Mention: Nifty Index as written tested above 12200 levels on yesterday, if trades above 12235-12275 then, it may test 12300-12400 very soon. Any weakness hereafter, if  closes below 12085 then, it may test  till 11930-11830 levels in the near term.

Trading Strategy: Watch 12270-12300 in Nifty Index if not trade and sustain above this level then, Sell Nifty Futures or BUY on dips till 12100-12000 levels.

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