08.09.2020 Tuesday, 8.44 am 

Good Morning followers & readers

What has happened on yesterday? Nifty Index, as expected and written, opened on a negative note and moved down beyond our support band i.e., 11325-11290 and made a day low at 11251.70 further it was traded with consolidation, the last hour upmove lifted the Index till 11381.15 and closed at 11355.05 on a positive note. 

What will happen today? Nifty Index may open on a flat to positive note to test 11360-11380, if open, trade and sustain above 11380 then, the Index may re-test 11420-11460-11490-11520-11560-11585 levels. On other hand, the immediate support lies at 11330-11280 if, trade and sustain below 11280 then, the Index may test 11252-11220-11195-11160-11145-11111 levels.

Special Mention: Yesterday, the Nifty Index as written, tried to hold at our support band i.e, 11325-11290-11240, it just tested 11251.70 and bounced till 11381, further it closed well above 11330, today we must watch 11380-11430-11460 to surpass and sustain above 11460 then, the index may re-test once gain 11560-11585 very soon. At the same time, we must closely watch 11290-11240 levels today, if the Index break this level, sustain below then, it may re-test 11190-11111-11065 levels in the near term. I expect the range bound move in the Index between 11200-11600 for some more time with broad range consolidation. Lets see, how it opens near 11360-11330 levels. 

Trading Strategy: The followers/readers, if you want invest in Nifty50 stocks which was corrected in the recent fall for more than 10-20% or Low PE stocks for a short term gain for 5-10%, when the Nifty trades near 11290-11110-10880 levels.

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.