22.02.21 Monday, 8.30 am

Good Morning followers & readers 

What has happened on Friday? Nifty Index, as written and expected opened on negative note at 15074.80, our expected opening band i.e.,15070-15040, on opening move, it made low 15030 thereafter, the Index moved up, made day high 15144.05, further it was down, made day low till 14898.20 and closed at 14981.75 on negative note with intra loss -137.20 points i.e., -0.91%.

What will happen today? Nifty Index may open on positive note to test 14960-15020 if open, trade and sustain above 15020 then, the Index may re-visit 15090-15120-15160-15190-15220-15270 levels. On the other hand, the immediate support lies  at 14920-14890 if, trade and sustain below 14890 then, the Index may try to re-test 14860-14820-14785-14755-14710 levels.

Special Mention: On Friday, the Nifty Index unable to sustain near 15070-15000, the weakness dragged the Index once again till our threshold support level i.e., 14900 and closed well below 15070, if the Nifty Index moves below 14900-14830 then the Index may test 14750-14715-14650 levels very soon, the global markets are under selling pressure with profit booking, further 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 15070-15250 and must close above this levels for three consecutive trading sessions to re-test the recent all time high levels i.e., 15431.75, let see how it opens and trade near 14960-15020 levels.

Trading Strategy: The followers/readers, who booked profit near 15430 levels, now watch and re-invest near 14900-14750-14500 levels for a short term gain around 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