25.02.2020 Tuesday, 8:36 am 

What has happened yesterday? Nifty index as written and expected opened on a negative bias with gap down at our support zone i.e. 12020-11990, made open and high at 12012.55 thereafter, the non-stop sell-off dragged the Index till 11927, further volatile swing move lifted up till 11980 and the late hour sell-off cum weakness once again pushed down the Index till 11813.40 and closed the day at 11829.40 with negative bias.

What will happen today? Nifty Index today may witness a gap up on opening to test 11875-11930, further up move above 11930 if trade and sustain then, it may test 11980-12015-12080-12150. Likewise, the immediate support lies at 11830-11810, further weakness below 11810 then, it may test 11750-11690-11615.

Special Mention: We were writing for last one week especially, on 17th Feb-Nifty Intra Update, under special mention para, if Nifty Index not closes above 12160 then it may re-test 11830 level once again, as written Nifty unable to surpass 12160, made a high 12152 on 20th Feb, the sell-off dragged down and re-tested yesterday 11830. Now, Nifty Index may take support 11830-11750, the last hope is 11750 to take support else, it may test 11690-11615 very soon.  Any move above 12150, sustain and closes then, it may test once again 12270-12330-12400. 

Trading Strategy: Continue to hold BUY Nifty Futures with stoploss 11750 levels in Nifty Index on closing basis. For further details please do call us on 98410 48022/90805 71223 or contact thro' whatsapp: 99624 70636.

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