24.02.2020 Monday, 8:30 am 

What has happened on Thursday? Nifty index as written and expected opened on flat note with negative bias made a low near our support zone i.e. 12115-12085 thereafter, the volatile swing move lifted up till our resistance level i.e 12160 made a day high 12152, the late hour sell-off once again dragged the Index till 12071.45 and closed the day at 12080.85 with negative bias.

What will happen today? Nifty Index today may open on a negative note with gap down to test 12030-11990, further down move below 11990 if trade and sustain then, it may test 11965-11910-11835. On the other hand, the immediate resistance seen at 12085-12135, further up move above 12135 then, it may test 12160-12195-12220-12260.

Special Mention: Nifty Index closed below 12085 on Thursday, further sustain and closes below 12085 today and tomorrow then, 12000-11910-11835 possible near term targets for the Nifty Index. Any move above 12160, sustain and closes then, it may test once again 12270-12330-12400. 

Trading Strategy: BUY Nifty Futures on dips till 12000-11910 levels in Nifty Index. For further details please do call us on 98410 48022/90805 71223 or contact thro' whatsapp: 99624 70636.

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