NIFTY PREDICTION FOR 14 FEB 2020

WHATSPP ON 9039542248 TO GET INDEX OPTION STOCK OPTION CALLS LIVE 

Bulls looked little scared today as investors reassessed the scope of the coronavirus outbreak after China's Hubei reported a record rise in the death toll. A Surprise drop in industrial output for December and a rise in January inflation to a six-year high also dampened the sentiment. The Sensex dipped 106 points, to 41460 levels. The Nifty gave up the 12200 mark to settle at 12175, down 27 points.

Some more choppiness could be witnessed in the upcoming session. Today’s swing low of 12139 levels could help bears to rule. Now 12200 levels has become an impotent level for nifty. Only above 12200 levels could help bulls to comeback in the ground.  Traders should trade with proper strategy in such scenario. It looks prudent for traders to avoid short-term bets and focus on any breach of larger trend, which may chalk out the future course of action for the indices. The 12100 level still looks like a sacrosanct support, a breach of which shall take the Nifty below the 12000 level. A decisive close above the 12200 level should usher in a sustainable uptrend. 

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Resistance: 12200, 12250, 12300

Support: 12130, 12100, 12050