01.02.21 Monday, 8.46 am

Good Morning followers & readers 

What has happened on Friday? Nifty Index, as written and expected opened on positive note with gap up at 13946.60, our expected opening band i.e.,13900-13930, on opening move, it made day high at 13966.85 thereafter, the Index traded with high volatile move and  moved down near our support level i.e., 13575 and made a day low 13596.75 and closed at 13634.60 on negative bias with Intra loss -182.95 points i.e., -1.32.

What will happen today? Nifty Index may open on positive note with gap up by tracking the global indices to test 13730-13770 if open, trade and sustain above 13770 then, the Index may re-test 13825-13860-13925-13960-14040-14160-14220-14250-14320-14415 levels. On the other hand, the immediate support lies at 13670-13595-13575 if, trade and sustain below 13575 then, the Index may try to re-visit 13515-13495-13420-13330-13220-13130 levels.

Special Mention: On Friday, the Nifty Index continued its southward journey, tested near our another support level 13575, almost broken 13600 and closed well below 13770, today if the Index take support near 13680-13770, then, the pull back rally may take the Index to re-test once again 14040-14220-14500-14620 in the near term. On the other hand, if the Index unable to supass 13770-13860, then the weakness cum sell-off once again drag the Index till 13575-13320-13130-12950-12760 levels very soon, let see how it opens today, near 13680-13770 and trade. The Intraday volatility will be high today, till this week, due to today's Union Budget and RBI monetary policy meet is expected on 05th Feb-Friday, do not venture any intraday trade today since. the wild swing either side can expect today.

Trading Strategy: The followers/readers, try to start invest near 13575-13320-13130 levels in the Nifty 50 stocks, for the short term gain between 5-10%.

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