29.09.2020 Tuesday, 8.40 am 

Good Morning followers & readers

What has happened on yesterday? Nifty Index, as expected and written opened with positive note at 11140.85, which was beyond our expected opening band i.e, 11070-11085-11115, it made a day low at 11099.85 thereafter, the strong intra pull back lifted the Index throughout the day till our further resistance levels i.e, 11205-11260, made day high at 11239.35 and closed the day at 11227.55 on a positive note.

What will happen today? Nifty Index may open on a flat to positive note by tracking the global indices to test 11240-11275, if open, trade and sustain above 11275 then, the Index may re-test 11300-11340-11375-11410-11440-11500 levels. On the other hand, the immediate support lies at 11220-11180 if trade and sustain below 11180 then, the Index may try to test 11140-11110-11065-11040-11015 levels.

Special Mention: Yesterday, the Nifty Index moved up above 11185 and tested almost our first level of resistance i.e., 11260, also it was able to close above 11185, being the first trading session, the Index today surpass above 11260-11300 levels, if trades above 11300, then it may test 11400-11500 levels very soon. At the same time, if fails to move above 11260-11300, any weakness below 11185-11170, then the Index may re-test 11100-10960-10880-10790 levels in the near term. Let see, how it opens and trade near 11260-11300 levels.  

Trading Strategy: The followers/readers, who invested last week at 10800 levels in Nifty with medium term perspective, try to start partial profit booking 5-10% return, since 11100-11300 levels, the Nifty may face hurlde to surpass.

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.