25.08.2020 Tuesday, 8.39 am 

Good Morning followers & readers

What has happened on yesterday? Nifty Index, as expected and written, opened on a positive bias with gap up at 11412, our resistance band i.e,,11395-11420, made a day low 11410.65, thereafter, the Index moved up near our further resistance i.e, 11510 made a day high at 11497.25 and closed at 11466.45 on a positive bias. 

What will happen today? Nifty Index may open on a flat  note with positive bias to test 11480-11497 if open, trade and sustain above 11497 then, it may test 11520-11535-11570-11625 levels. Likewise, the immediate support lies at 11460-11410, if trade and sustain below 11410 then, the Index may re-test 11370-11315-11290-11260-11205 levels.

Special Mention: Yesterday, the Nifty Index surpassed the resistance level i.e, 11460 and made day high 11497.25, further it closed well above 11460, if the Index moves above 11535 and closes above 11460 today and tomorrow, then it may test 11625-11750 levels in the near term. At the same, the weakness seen only below 11340-11290, if the Index moves below 11290 then, the sell-off may drag the Index once again till 11190-11110 levels this week, let see how it open and trades today at 11470-11535 levels, the volatility may be in rising mode this week due to the F&O expiry.

Trading Strategy: Please, the followers/readers keep it your mind, the Nifty Index immediate strong resistance seen at 11495-11535 must surpass to continue the upward bias, also the profit booking area may lies at 11460-11535 levels. The Investor/trader, stay cautious at the higher levels and wait for any dips till 11140-11060-10940 to invest in Nifty50 stocks for the short term gain of 5-10% return. Avoid agressive long position in F&O segment. This is a traders market, to trade for short term gains, rather to wait for long term basis.

Also, read the Nifty Index weekly outlook, which will help the traders/investors to know about the Index weekly hurdle and support levels and I hope it will give more insight about the Nifty index, to read the weekly outlook please, visiit by using the following link: https://www.niftytech.in/marketupdate/62

Further details please do call us on 98410 48022 or contact thro' whatsapp: 99624 70636. Please read carefully, the Disclaimer published on the Disclaimer page.

Wishing you for a safe, secured and profitable trading.