20.02.2020 Thursday, 8:26 am 

What has happened yesterday? Nifty index as written and expected opened with gap up and made a high near our resistance level i.e. 12120, as cautioned the Intra sell-off dragged the Index till 12042 thereafter, the volative swing move lifted up and dragged down finally, the late hour up move once again lifted the Index till 12134.70 and ended the day at 12125.90 with positive note.

What will happen today? Nifty Index today may open on a flat to negative note to test 12115-12085, further down move below 12085 if trade and sustain then, it may re-test 12045-11990-11930. Likewise, the immediate resistance seen at 12130-12160, further up move above 12160 then, it may test 12195-12220-12270-12300.

Special Mention: Nifty Index closed above 12085 yesterday further sustain and closes above 12085 then, 12160-12260-12330 possible near term targets. Any move below 12085, sustain and closes then, it may re-test once again 12000-11910 very soon.  Be cautious today, being a weekly option expiry and long weekend closing day.

Trading Strategy: Nifty Futures long position to book profit if 12160 not breaks in Nifty Index and stay neutral. For further details please do call us on 98410 48022/90805 71223 or contact thro' whatsapp: 99624 70636.

Please read carefully, the Disclaimer published on the Disclaimer page. Wishing you for a safe and secured trading.