04.03.21 Thursday, 8.39 am

Good Morning followers & readers 

What has happened yesterday? Nifty Index, as written and expected. opened on positive note with gap up at 15064.40, our expected opening band i.e.,14980-15010, on opening move, it made day low 14995.80, thereafter, the Index moved up non-stop basis throughout the day beyond our final resistance levels ie., 15220-15250, made day high at 15273.15 and closed at 15245.60 on positive note with intra gain 326.50 points i.e., 2.19%.

What will happen today? Nifty Index may open on negative note with gap down by tracking the global indices to test 15100-15070-15040 if open, trade and sustain below 15040 then the Index may re-visit 15000-14965-14920-14870-14760 levels. On the other hand, the immediate resistance seen at 15175-15240 if, trade and sustain above 15240 then, the Index may try to re-test 15270-15300-15350-15390-15430-15480-15530 levels.

Special Mention: Yesterday, as written the Nifty Index able to re-test 15250 levels, since the strong close above 14840 levels, the pull back rally lifted the index till 15250 levels, now further up move to re-test the all time record levels i.e., 15430, the Index must trades above 15270-15350 else, the weakness below 15070-15040, may drag the Index till 15000-14750 levels, further weakness below 14750, may drag the Index till 14650-14465 levels in the near term. Let see how it opens today, near 15070-15040-15000 and trade, sustain below 15000 levels. The Intra volatility may be high till tomorrow, due to weekly option expiry and tomorrow's week-end factor.

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 profit 5-10% gain, when Nifty index trades near 15070-15250 levels.

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

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Wishing you for a safe, secured and profitable trading