25.02.21 Thursday, 8.39 am

Good Morning followers & readers 

What has happened yesterday? Nifty Index, as written and expected. opened on flat note at 14729.15, our expected opening band i.e.,14730-14680, on opening move, it made day low 14723.05, thereafter, by 10.05 am, the Index price moved till 14822, then the price movement stopped due to technical glitch, then by 11.40 am, the total NSE trading was shut down and by 3.45 pm it was resumed with extended trading hours till 5 pm, the Index during the extended trading hours, moved till 15008.30 and closed at 14982 on positive note with intra gain 274.20 points i.e., 1.86%.

What will happen today? Nifty Index may open on flat to positive note to test 15010-15030 if open, trade and sustain above 15030 then the Index may re-test 15055-15085-15125-15160-15195-15225-15260 levels. On the other hand, the immediate support lies at 14985-14930 if, trade and sustain below 14930 then, the Index may try to re-visit 14855-14830-14790-14725-14685 levels.

Special Mention: Yesterday, due to the technical glitch stopped the total trading in NSE platform, resumed the trading with extended trading hours till 5 pm, during this hours, the Nifty Index moved up till our resistance levels i.e., 15010, made day high 15008.30, it looks the Nifty took strong support at 14635, it seems the intermittent correction winded up, further northward journey may resume, subject to the Index if, trades, sustain and closes above 15010-15070 levels today and tomorrow, then the Index may re-test 15260-15430-15650 levels very soon. On the other hand, if the Index today unable to move above 15070-15085 then, the weakness may drag the Index till 14930-14830, below 14830 then the Index may re-visit 14725-14635 levels in the near term, let see how it opens near 15010-15070 today, the FIIs were bought yesterday with huge inflow of Rs. 28739.17 crore on net basis, these huge fund inflow will give an answer today based on the further move on the Nifty Index and we should wait and watch the further move. The volatility may raise today and tomorrow due to  today's F&O Expiry and tomorrow's week-end factor, trade with due caution.

Trading Strategy: The followers/readers, start to invest partially near 14700-14400 levels in the Nifty 50 stocks for short to medium term perspective  to gain 10-15%  in the near term.

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