18.02.2020 Tuesday, 8:29 am 

What has happened yesterday? Nifty index as written and expected opened on a positive note and moved till our resistance zone i.e. 12150-12175, made a day high 12159.60 thereafter, the Index thoroughout the day moved down with weakness cum sell-off dragged the Index till our support levels i.e 12050-12020, made a low 12037 and ended the day with volatile move at 12045.80 with negative bias.

What will happen today? Nifty Index today may open on a flat to negative bias to test 12030-11990, further down move below 11990 then, it may test 11955-11930-11885. Likewise, the immediate resistance seen at 12070-12095, further upmove above 12095 then, it may re-test 12125-12160-12195. 

Special Mention: Nifty Index if, closes below 12085, another two to three consecutive sessions then, it may test 11930-11830-11750 very soon. Any move above 12160, sustain and closes above 12160 then, it may re-test 12270-12335-12400 in the near term.

Trading Strategy: BUY on dips, watch 12005-11930 in Nifty Index to go long in Nifty futures Feb'20 contract for reverse swing movement. For further details please do call us on 98410 48022/90805 71223 or contact thro' whatsapp: 99624 70636.

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