15.03.21 Monday, 8.36 am

Good Morning followers & readers 

What has happened on Friday? Nifty Index, as written and expected, opened on positive note with gap up at 15321.15, our expected opening band i.e.,15240-15320, on opening move, it made day high 15336.30 thereafter, the Index moved down throughout the day, made day low 14953.60 and closed at 15030.95 on negative note with intra loss -143.95 points i.e., -0.95%.

What will happen today? Nifty Index may open on flat to positive note to test 15060-15100 if open, trade and sustain above 15100 then the Index may re-test 15135-15175-15225-15260-15295-15336-15385-15431 levels. On the other hand, the immediate support lies at 15040-15000 if, trade and sustain below 15000 then, the Index may try to re-visit 14955-14920-14850-14805-14765 levels.

Special Mention: On Friday, the Index was able to surpass 15270,  made high near 15336, but unable to sustain this level, the weakness dragged the Index once again till 14953 and closed well below 15070, today if the Nifty index open and trades above 15070-15100, then the Index may re-test 15270-15336-15431, further up move above 15432 then 15530-15700 possible levels in the near term. On the other hand, the weakness below 15040-15000-14950 may drag the Index till 14860-14470 levels in the near term. Let see, today how it opens near 15060-15100 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 profit near 15330-15430 levels and wait for further dips to invest again on short to medium term perspective.

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