19.02.21 Friday, 8.39 am

Good Morning followers & readers 

What has happened yesterday? Nifty Index, as written and expected opened on flat to positive note at 15238.70, our expected opening band i.e.,15245-15270, on opening move, it made daily high 15250.75 thereafter, the Index throughout the day moved down till our threshold support level i.e., 15070,, made day low 15078.05 and closed at 15118.95 on negative note with intra loss -89.95 points i.e., -0.59%.

What will happen today? Nifty Index may open on negative note by tracking the global indices to test 15070-15040 if open, trade and sustain below 15040 then, the Index may re-visit 15015-14980-14915-14885-14865-14815 levels. On the other hand, the immediate resistance seen at 15120-15160 if, trade and sustain above 15160 then, the Index may try to re-test 15200-15225-15260-15295-15315-15340-15370 levels.

Special Mention: Yesterday, the Nifty Index unable to sustain above 15255, the weakness dragged the Index once again till our threshold support level i.e., 15070 and closed well below 15255, for the second consecutive trading session, today if the Nifty Index moves below 15070-14975, then the Index may test 14750-14460 very soon, it seems the global markets are under selling pressure with profit booking, the minor correction is imminent, the Nifty Index also may re-visit 14755-14460-13970 levels, which will be healthy for the Index to resume the upward move further, henceforth, the Index must move above 15255 and must close above this levels for three consecutive trading sessions to re-test the recent all time high levels i.e., 15431.75. The intra volatility as written and expected on wednesday ruled the Index, today's  week-end factor, may rise the volatility further, trade with caution is my advise in this juncture. 

Trading Strategy: The followers/readers, who invested near 15k level watch 15370-15470-15530 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