18.03.21 Thursday, 8.39 am

Good Morning followers & readers 

What has happened yesterday? Nifty Index, as written and expected, opened on  positive note at 14946.55, our expected opening band i.e.,14960-15005, on opening move, it made day high 14956.55 thereafter, the Index moved down throughout the day, made day low 14696.05 and closed at 14721.30 on negative note with intra loss -189.15 points i.e., -1.27%.

What will happen today? Nifty Index may open on positive note with gap up by tracking the global indices to test 14890-14950 if open, trade and sustain above 14950 then the Index may re-test 15025-15070-15100-15150-15185-15215-15275-15335 levels. On the other hand, the immediate support lies at 14870-14800 if, trade and sustain below 14800 then, the Index may try to re-visit 14745-14700-14630-14580 levels.

Special Mention: Yesterday, the Index unable to surpass above 15000-15070, the weakness cum sell-off dragged the Index till 14696 and closed well below 14745, this is the first trading session, the Index closed below 14745 levels today and tomorrow if the Index close below these levels then, it may test 14470-14200-13965 very soon. On the other hand, if the Index regain above 14950, then it may re-test 15050-15170-15250-15336 levels in the near term, the positive comments given by the US FEDERAL, last night during their FED Policy about their economy and kept the FED Rate 0.25%, given positive sentiment across the global indices, especially in Asian Indices, they started with gap up and trading in green, our Indian stock market indieces are also will follow the Asian peers, so Nifty Index may open near 14950-15050, let see how it opens and sustain above these levels. The Intra volatility may be high due to option weekly expiry, trade with caution.

Trading Strategy: The followers/readers, those invested yesterday near 14700 levels, watch 15050-15175 to break these levels else, start book profit partial manner.

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