Nifty on Thursday expiry day ended with a late spike in Nifty futures with emotional sellers pushing the price down below the value area low with immediate resistance around 12230 levels in Jan 2020 expiry series.
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Nifty broken the 3-day range and continues with negative sentiment for the second trading day with high confidence sellers being in control since the start of the day.
Since the short term sentiment is maintaining down one can start speculating on the downside weaker references around 12100 and 12018 levels in a short term in Jan 2020 futures.
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