19.10.2020 Monday, 8.33 am 

Good Morning followers & readers

What has happened on Friday? Nifty Index, as expected opened on positive note at 11727.40, our expected opening band i.e, 11740-11790, on opening move, it made a high at 11783, thereafter, the Index witnessed a mild sell-off till our threshold support level i.e.,11660 and made a day low 11667.35, further it moved once again near 11790, made a day high at 11789.75 and closed the day at 11762.45 with positive bias.

What will happen today? Nifty Index may open on a positive note with mild gap up by tracking the global indices to test 11795-11820, if open, trade and sustain above 11820 then, the Index may re-visit 11845-11870-11905-11920-11945-11985-12025-12075 levels. On the other hand, the immediate support lies at 11725-11695 if, trade and sustain below 11695 then, the Index may try to test 11665-11635-11620-11555-11520-11480-11400 levels.

Special Mention: On Friday, the Nifty Index, though it tried to breach the threshold support level near 11660, but it was able to take support and moved up till 11790 and closed at 11762.45, today the Index must trade and closes above 11795-11820 for three consecutive trading sessions, then it may re-visit 11860-11970-12025 in the near term. At the same time if, the Index breaches the threshold support level i.e, 11660-11620, then it may test 11550-11300 levels very soon, let us see how it open and sustain, today near 11795-11825 levels. 

Trading Strategy: The followers/readers, as expected the Nifty Index moved almost near 11600, start invest in Nifty50 stocks partially and further buy in cash segment till 11500-11300 levels in the Nifty Index, if trades with medium term perspective for the short term gain 10-15% return, since  the Nifty may take support 11600-11300 levels for the time being. 

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.