19.02.2020 Wednesday, 8:27 am 

What has happened yesterday? Nifty index as written and expected opened on a negative bias by made high at 12030.75 and moved down thoroughout the day with weakness, the sell-off dragged the Index till our support zone i.e 11930-11885, made a low 11908.05 thereafter, the late hour short covering and Intra reversal once again lifted the index near day high and closed the day at 11992.50 with negative bias.

What will happen today? Nifty Index today may open on a positive bias with miild gap up to test 12030-12060, further up move above 12060 if trade and sustain then, it may reach 12090-12120-12160-12195. On the other hand, the immediate support lies at 12020-11990, further down move below 11990 then, it may test 11955-11930-11885-11830. 

Special Mention: Nifty Index as we wrote closed below 12085 for last two trading sessions and tested the first support level yesterday i.e. 11930, further closes below 11930-11900 band may drag the Nifty Index to test 11830-11750.  Any move above 12085, sustain and closes above 12085 for three consecutive sessions then, it may re-test 12150-12260-12300 in the near term. Be cautious today & tomorrow at high level, the sell-off may come to drag once again till 11990-11930.

Trading Strategy: Yesterday we mentioned BUY on dips till 11930 in Nifty Index levels, today profit booking 12030-12085 level onwards, any swing reversal may confirm today, let wait and watch. For further details please do call us on 98410 48022/90805 71223 or contact thro' whatsapp: 99624 70636.

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