16.02.21 Tuesday, 8.39 am

Good Morning followers & readers 

What has happened yesterday? Nifty Index, as written and expected opened on positive note at 15270.30, our expected opening band i.e.,15220-15257, on opening move, it made day low 15243.30 thereafter, the Index moved up throughout the day, made day high 15340.15 and closed at 15314.70 on positive bias with intra gain 151.40 points i.e., 1%.

What will happen today? Nifty Index may open on flat to positive note to test 15335-15370 if open, trade and sustain above 15370 then, the Index may test 15400-15435-15470-15500-15530 levels. On the other hand, the immediate support lies at 15310-15275 if, trade and sustain below 15275 then, the Index may try to re-visit 15255-15220-15170-15125-15000-15070 levels.

Special Mention: Yesterday, the Nifty Index started the northward journey by breaking the last week range i.e., 14255, moved and made a record high 15340.15 and closed well above 15255, if the Nifty Index closes above 15255 today and tomorrow, then it may test 15470-15530-15700 in the ner term. On the other hand, if the Index unable to sustain above 15340-15370, moves below 15255, then the weakness may drag the Index till 15070-14900 levels in the near term, let see how it opens today, near 15340-15370 and trades. The FIIs continue their buying spree across the global market, India is also one of their favourite destination to earn handsome returns from the Indian stock market, it seems they are not bothered about the high or premium valuation, though the Price Earnings hovering near 42 times, let see how long and till, how far they continue the funds inflow in to the Indian equity market.

Trading Strategy: The followers/readers, who invested near 15k level watch 15370-15530 levels, to book  partial profit for 5-10% return and wait for 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