20.10.2020 Tuesday, 8.36 am 

Good Morning followers & readers

What has happened on yesterday? Nifty Index, as expected opened on positive note at 11879.40, our expected opening band i.e, 11795-11820, on opening move, it made a high at 11891, thereafter, the Index witnessed a mild sell-off till our threshold support level i.e.,11820 and made a day low 11820.40, further it moved up and made a day high 11898.25, closed the day at 11873.05 with positive bias.

What will happen today? Nifty Index may open on a flat to positive note to test 11875-11905, if open, trade and sustain above 11905 then, the Index may re-visit 11920-11945-11985-12025-12075 levels. On the other hand, the immediate support lies at 11850-11820 if, trade and sustain below 11820 then, the Index may try to test 11790-11755-11720-11690-11660-11620 levels.

Special Mention: Yesterday, the Nifty Index, as expected moved beyond 11795 and closed well above 11820, the first trading session it has closed above our threshold level i.e, 11820, as stated yesterday, if the Index closes above 11795-11820 for three consecutive trading sessions then, the Index may re-visit 12k mark, today the Index must surpass and sustain above 11905-11920 to move further, till 12000-12025-12070 levels, else any weakness below 11790, then the Index may re-test 11720-11661, below 11661, the Index may test 11550-11480-11400-11305 levels in the near term, let us see how it open and sustain, today near 11850-11895 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.