01.03.21 Monday, 8.36 am

Good Morning followers & readers 

What has happened Friday? Nifty Index, as written and expected. opened on negative note with gap down at 14888.60, our expected opening band i.e.,15020-14970, on opening move, it made day high 14919.45, thereafter, the Index moved down throughout the day and made day low at 14467.15 and closed at 14529.15 on negative note with intra loss -568.20 points i.e., -3.76%.

What will happen today? Nifty Index may open on positive note with gap up by tracking the global indices to test 14695-14735 if open, trade and sustain above 14735 then the Index may re-test 14780-14820-14860-14890-14920-14970-15020-15070 levels. On the other hand, the immediate support lest at 14640-14605 if, trade and sustain below 14605 then, the Index may try to re-visit 14575-14520-14470-14410-14355-14335-14300 levels.

Special Mention: On Friday, the Nifty Index unable to sustain above 14960-15020 levels, the global weakness dragged till 14467 and closed well below 14635, today, if the Nifty Index open with gap up and sustain above 14740, then the pull back rally may lift the Index till 14920-15070 levels very soon. On the other hand, if the Index today unable to move above 14740-14820 then, the weakness may drag the Index once again till 14500-14300-14000 levels in the near term, let see how it opens today, near 14740 and trade and sustain above 14780-14820 levels.

Trading Strategy: The followers/readers, start to invest near 14500 levels in the Nifty 50 stocks for short to medium term perspective, try to book partial profit booking for 3-6% gain.

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