12.02.21 Friday, 8.39 am

Good Morning followers & readers 

What has happened yesterday? Nifty Index, as written and expected opened on positive note at 15073.25, our expected opening band i.e.,15110-15070, on opening move, it made day low 15065.40 thereafter, the Index moved up throughout the day near our resistance level i.e., 15195, made day high 15188.50 and closed at 15173.30 on positive note with intra gain 66.80 points i.e., 0.44%.

What will happen today? Nifty Index may open on flat to positive note to test 15170-15195-15220 if open, trade and sustain above 15220 then, the Index may test 15245-15260-15310-15330-15355 levels. On the other hand, the immediate supprt lies at 15145-15120 if, trade and sustain below 15110 then, the Index may try to re-visit 15070-15030-14990-14925-14865-14865 levels.

Special Mention: Yesterday, the Nifty Index as expected took strong support at 15070 and moved above 15170, further closed well above 15170, today the Index must move above 15200-15220, to re-test 15270, then it may continue the upward momentum to test 15330-15500 levels in the near term. On the other hand, if the Index unable to sustain above 15170-15220, moves below 15170-15070, then the weakness may drag the Index till 14865-14755-14575 levels in the near term, let see how it opens today, near 15170-15220 and trades. It seems the technical sell-off pressed the pause button at 15000 levels, the Index may trade with consolidation move between 14980-15270 levels for time being, further move may be decided to break either of these ranges to take further direction.Trade with caution, since the week-end factor may rise the Intra volatility. 

Trading Strategy: The followers/readers, who booked profit near 15270 levels, try to invest in partial manner at 14970-14750 in the Nifty50 stocks on medium term perspective for 5-10% return.

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