03.11.2020 Tuesday, 8.36 am 

Good Morning followers & readers

What has happened on yesterday? Nifty Index, as expected opened on a positive note with a gap up  at 11697.35, our expected opening band i.e., 11660-11685-11720, on opening move the Index made a high at 11697 thereafter, the mild weakness dragged the Index till our intra support level i.e., 11560, made a day low at 11557.40, further the strong pull back lifted the Index till 11725.65 and closed the day at 11669.15 with positive bias.

What will happen today? Nifty Index may open on a positive note with gap up by tracking the global indices to test 11725-11750-11775, if open, trade and sustain above 11775 then, the Index may test 11815-11845-11885-11930-11975 levels. On the other hand, the immediate support lies at 11635-11600 if, trade and sustain below 11600 then, the Index may try to test 11560-11535-11475-11450-11405-11380-11335-11305 levels.

Special Mention: Yesterday, the Nifty Index took support exactly at our threshold level near 11560, as i written on Friday, the last hope support level for Bulls at 11560-11555, it holds good even yesterday's trade, the Nifty Index traded near that level and moved up once again, tested 11725 and closed above 11660 levels. The readers/followers, now would have understood the importance of the levels on the closing basis, the Nifty Index though violated the threshold level i.e, 11555, on Friday, it never broken this level yesterday, moved up once again from that level and closed well above 11620-11660. Today, the Nifty Index must break 11750-11775, it should sustain above these levels, to continue the upward rally till 11850-11975-12025 levels by this week. At the same time, it should not close below 11620-11555 levels, any weakness again  below 11555-11535, then the Nifty Index may test 11450-11300-11250 very soon, it looks the volatility may be on the rising mode this week with broad range swing movement between 11950-11550, let us see how it opens today near 11750-11775 levels, trade with caution and avoid aggressive long or short positions in F&O segment, this is my advise at this juncture.

Trading Strategy: The followers/readers, try to invest once again in the selective Nifty50 stocks for a short term gain of 5-10%, with medium term perspective when the Nifty Index trades near 11600-11400 levels. Those who invested last week at 11600-11550 levels, start profit booking partially, if the stocks are gives 5-10% return.

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

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Wishing you for a safe, secured and profitable trading.