01.12.20 Tuesday, 8.39 am

Good Morning followers & readers

What has happened on Friday? Nifty Index, as expected and written opened on a positive note at 13012.05 our expected opening band i.e., 13035-13075, on opening move it made a high at 13035.30 thereafter, the weakness cum sell-off dragged the Index near our intra support level i.e, 12770, made a low at 12945, further the week-end and month-end factor cum intra volatllity lifted the Index near the day high, once again the last hour sell-off dragged the Index and made a day low 12914.30 and closed at 12968.95 with flat to negative note.

What will happen today? Nifty Index may open on a flat note to test 12975-12990 if open, trade and sustain above 12990 then, the Index may test 13035-13070-13090-13105-13145-13190-13215-13240 levels. On the other hand, the immediate support lies at 12940-12915 if, trade and sustain below 12915 then, the Index may try to re-visit 12880-12840-12800-12790-12770-12740-12700 levels.

Special Mention: On Friday, the Nifty Index moved till exactly till our resistance level i.,e 12035, as expected it was consolidating in a narrow range between 13020-12914 and closed well above 12965, to-day the Index must surpass above 13035-13070 to sustain this rally to re-test 13145, further upmove above 13145 then, as written 13300-13770 is possibe near term targets. At the same time, the support now lies at 12940-12915-12880, any weakenss below 12880 then, the Index re-test once again 12790-12730-12610 levels very soon. Let see, how it opens today at 12975-13035 levels. 

Trading Strategy: The followers/readers, those who invested at 11600-11550 levels, book profit, if the stocks are gives 15-25% return, since 13100-13310 levels are the resistance zone for the Nifty Index and wait for the dips to re-invest at 12700-12400 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.