04.01.21 Monday, 8.36 am

Good Morning followers & readers 

What has happened on Friday? Nifty Index, as expected and written opened on flat note at 13996.10, our expected opening band i.e.,14000-14040, on opening move, it made day low 13991.35, thereafter, the Index traded on sub-dued move with narrow range, further  it made day high 14049.85 and closed at 14018.50 on positive note with Intra gain by 36.75 points i.e., 0.26%.

What will happen today? Nifty Index may open on positive note to test 14065-14100 if open, trade and sustain above 14100 then, the Index may test 14140-14175-14200 levels. On the other hand, the immediate support lies at 14040-14000 if, trade and sustain below 14000 then, the Index may try to test 13975-13960-13936-13890-13865-13835-13810 levels.

Special Mention: On Friday, the Nifty Index continued its northward journey further, it sustained above 14k mark, made a record all time high 14049.85, as well closed above 14k level, today Nifty may try to test 14065-14100 levels, if able to sustain above 14100 then it may test 14200-14310-14450 very soon. On the other hand, any weakness now lies below 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 14065-14100 levels. It looks, the positive momentum may continue till 01st Feb'2021, as I wrote earlier, the 50k in Sensex and 15k in Nifty is possible levels in the near term.

Trading Strategy: The followers/readers, those who invested 13150 level, start the profit booking at 14150-14310-14450 levels, when the Nifty Index trading in that levels and wait for further dips to invest at 13770-13350-13140 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 in the Disclaimer page.

Wishing you for a safe, secured and profitable trading