15.02.21 Monday, 8.36 am

Good Morning followers & readers 

What has happened on Friday? Nifty Index, as written and expected opened on flat note at 15186.20, our expected opening band i.e.,15170-15195-15220, on opening move, it made low 15158 thereafter, the Index moved up, made day high 15243.50, further mild intra sell-off once again dragged the Index, made day low 15081 and closed at 15163.30 on negative note with intra marginal loss -10 points i.e., -0.07%.

What will happen today? Nifty Index may open on positive note to test 15220-15257 if open, trade and sustain above 15257 then, the Index may test 15280-15310-15335-15375-15410 levels. On the other hand, the immediate supprt lies at 15190-15140 if, trade and sustain below 15140 then, the Index may try to re-visit 15110-15070-15040-15010-14975-14940-14905 levels.

Special Mention: On Friday, the Nifty Index unable to move above 15257, at the same time not moved below 15070, took strong support near our threshold level i.e., 15070, moved up and closed near 15170, today the Index must move above 15257-15270, to continue the bullish upward momentum to test 15335-15530 levels in the near term. On the other hand, if the Index unable to sustain above 15220-15270, moves below 15170-15140, then the weakness may drag the Index till till 15070-14900 levels in the near term, let see how it opens today, near 15220-15270 and trades. Last week the Nifty Index traded on consolidation move with a narrow range between 14980-15257 levels, further move may be decided this week by breaking, either of these ranges to take further direction.

Trading Strategy: The followers/readers, who invested near 15k level watch 15250-15500 levels, to book  partial profit for 5-10% return and wait the dips to re-invest again.

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