01.01.21 Friday, 8.44 am

Good Morning followers & readers and I wish you & your near & dear, a Happy & prosperous New Year 2021 

What has happened yesterday? Nifty Index, as expected and written opened on a flat note at 13970, our expected opening band i.e.,13980-13955, on opening move, it made a day low 13936.45, thereafter, it moved up and crossed 14k, further the mild Intra sell-off dragged the Index, but once again gaind the momentum and moved up near our resistance level 14030, made a day high 14024.85 and closed at 13981.75 on a flat note with Intra loss by 0.20 points i.e., 0.00%.

What will happen today? Nifty Index may open on flat to positive note to test 14000-14040 if open, trade and sustain above 14040 then, the Index may test 14075-14100-14140-14175 levels. On the other hand, the immediate support lies at 13970-13955 if, trade and sustain below 13955 then, the Index may try to test 13925-13905-13870-13825-13770-13740-13720 levels.

Special Mention: Yesterday, the Nifty Index continued its northward journey further and surpaseed 14k mark, made a record all time high 14024.85, as well closed above our threshold level i.e., above 13770, as i written earlier, if the Nifty Index closes above 13770, today then, the Index may test 14300-15000 very soon. On the other hand, any weakness now lies at 13865, further any close below 13865 for three consecutive trading sessions then, the Index may re-visit 13770-13600-13450-13320-13131 levels in the near term, let see how it opens today near 13970-13955 levels. Today almost all the world indices are closed, so our Indian stock market may witness a sub-dued move with lack of volume & participation. range bound move between 14040-13865 levels.

Trading Strategy: The followers/readers, those who invested 13150 level, start the profit booking at 14k-14300 levels, when the Nifty Index trading in that levels and wait for further dips to invest at 13350-13140 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