14.02.2020 Friday, 8:30 am 

What has happened yesterday? Nifty index as written and expected opened on a positive note and moved till our first level resistance i.e. 12220, made a day high 12225.65 thereafter, the Index throughout the day moved down due to the weak datas i,e. Industrial Production and CPI(Inflation) numbers, the weakness cum sell-off dragged the Index till our support levels i.e 12150, made a low 12139.80 and ended the day at 12174.65 with negative bias.

What will happen today? Nifty Index today may open on a flat to positive note to test 12180-12225 levels, further move above 12225 then, it may test 12260-12295-12325-12375 levels. On the other hand, the immediate support lies at 12160-12140 further weakness below 12140 then, it may re-test 12105-12085-12030-11990 levels. 

Special Mention: Nifty Index if, closes below 12140 levels for three consecutive sessions then, it may re-test 12100-11990 very soon. Any move beyond 12270 levels, sustain and closes above 12270 then, it may test 12300-12430 levels in the near term.

Trading Strategy: Watch 12140-12100 in Nifty Index to take BUY or on the upperside watch 12270-12300 to move above else, try SELL Nifty Futures Feb'20 contract. For further details please do call us on 98410 48022/90805 71223 or contact thro' whatsapp: 99624 70636.

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