07.12.20 Monday, 8.36 am

Good Morning followers & readers

What has happened on Friday? Nifty Index, as expected and written opened on a positive note at 13177.40, our expected opening band i.e., 13155-13190, on opening move, it made a low at 13165 thereafter, the intra pull back lifted the Index till 13250, the week-end volatility dragged down once again, made a low till 13152.85, further the Index moved up. made a day high at 13280.05 and closed at 13258.55 on a positive bias with Intra gain by 125.25 points i.e., 0.95%.

What will happen today? Nifty Index may open on a flat to negative note to test 13240-13200 if open, trade and sustain below 13200 then, the Index may test 13175-13145-13120-13095-13040-13005 levels. On the other hand, the immediate resistance seen at 13280-13310 if, trade and sustain above 13310 then, the Index may try to test 13325-13345-13365-13425 levels.

Special Mention: On Friday, the Nifty Index moved up and made a new record all time high at 13280.05 and able to close above 13146, being the first trading session, the Index closed above 13146, further close above this level for an another two continuous trading sessions, the Index test our threshold levels i.e., 13310-13425-13770 very soon. I was writing this levels since Nov'20, when the Nifty Index moved and closed above 12025, stated that the doors were opened for 13310-13770 levels. On the other hand, the weakness now lies only below 13145, if the Index closes below 13145 for three consecutive trading sessions, then it may re-visit 12770-12610-12540 levels in the near term, let see how it opens today. The Investor/traders must be cautious this month or maximum before second week of Jan'2021, the Nifty Index may witness a correction till 12770-12500-12000, this levels are possible and it is good for the Nifty Index too. 

Trading Strategy: The followers/readers, those who invested at 11600-11550 levels, book profit, if the stocks are gives 15-30% return, since 13310-13770 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.